Press release
Motion Picture Industry Market Report, Size, Share, Growth, Trends, Industry Forecast to 2033
Motion Picture Industry Market
The new report published by The Business Research Company, titled Motion Picture Industry Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the motion picture Industry market size has grown strongly in recent years. It will grow from $47.58 billion in 2023 to $51.7 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The motion picture Industry market size is expected to see strong growth in the next few years. It will grow to $72.38 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.
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What Is Driving The Growth Of The Global Motion Picture Industry Market?
Impact Of Entertainment Industry Growth On The Motion Picture Market
The growth of the entertainment industry is expected to propel the growth of the motion picture industry market going forward. The entertainment industry encompasses a wide range of businesses and activities that provide performances, shows, media, and events to engage and amuse audiences through various forms such as film, television, music, theater, and digital media. The entertainment industry is growing due to increasing consumer demand for diverse, on-demand content across multiple platforms, driven by advancements in technology and global connectivity. Motion pictures are essential to the entertainment industry as they provide a dynamic and immersive form of storytelling that captivates audiences through visual and auditory experiences. For instance, in February 2024, according to the British Film Institute, a UK-based film production company, the total expenditure on film and high-end television production (HETV) in the UK amounted to $4.58 billion (£4.23 billion) in 2023. Domestic UK productions contributed $829 million (£766 million), representing 27% of the total HETV spend and reflecting a 21% increase from 2022. Co-production spending reached $42.14 million (£38.9 million), accounting for 1.4% of the overall spend, which is a 7% rise compared to the previous year. Therefore, the growth of the entertainment industry is driving the growth of the motion picture industry market.
What Is The Key Trend In The Global Motion Picture Industry Market?
Innovative AI-Based Video Editing Tools Revolutionizing The Motion Picture Industry
Major companies operating in the motion picture industry are developing technologically advanced products, such as AI-based video editing tools, to streamline workflows, enhance creativity, and reduce production costs. AI-based video editing tools use artificial intelligence algorithms to automate and enhance video editing tasks, such as cutting, trimming, color correction, and effect application, streamlining the editing process and improving efficiency and creativity. For instance, in February 2024, Meta, a US-based technology company, launched Emu Video and Emu Edit, AI-based features for video editing. Emu Video and Emu Edit stand out with their unique features. Emu Video crafts short movie clips from text descriptions, while Emu Edit simplifies video editing through AI-driven automation. Emu Edit allows users to create videos with various themes-like travel, food, and fashion-by selecting from diverse templates and customizing their clips with music, text, and filters. Available on Instagram and Facebook, these tools leverage advanced machine learning and deep learning algorithms, enabling the software to learn from extensive data and enhance its capabilities continuously.
How Is The Global Motion Picture Industry Market Segmented?
The motion picture industry market covered in this report is segmented -
1) By Genre: Action, Comedy, Drama, Fantasy, Horror, Romance, Other Genres
2) By Dimension: 3D And Above, 2D
3) By Demographics: Children, Adult
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How Is The Competitive Landscape Of The Global Motion Picture Industry Market?
Major companies operating in the motion picture industry market are Sony Pictures Entertainment Inc., The Walt Disney Company, Warner Bros. Entertainment Inc., Paramount Pictures Corporation, Metro-Goldwyn-Mayer Studios Inc., Lions Gate Entertainment Corp., Apple Inc. , Universal City Studios LLC, DreamWorks Pictures LLC, TriStar Pictures Inc., Lucasfilm Ltd. LLC, Pixar Animation Studios, Marvel Studios LLC, Miramax LLC , Legendary Pictures Productions LLC, 20th Century Studios Inc., New Line Productions Inc. , Blue Sky Studios Inc., A24 Films LLC, Blumhouse Productions LLC, United Artists Corporation, Focus Features LLC, Illumination Entertainment LLC, Fox Searchlight Pictures Inc., Studio Ghibli Inc.
Contents Of The Global Motion Picture Industry Market
1. Executive Summary
2. Motion Picture Industry Market Report Structure
3. Motion Picture Industry Market Trends And Strategies
4. Motion Picture Industry Market - Macro Economic Scenario
5. Motion Picture Industry Market Size And Growth
…..
27. Motion Picture Industry Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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