In 2020, the United States was the largest filmed entertainment market, with a revenue of more than 25.9 billion U.S. dollars. China and Japan followed with 12.7 billion and 4.1 billion dollars in revenue, respectively.
Full Answer
How big is the film industry in the US?
Film Industry - Statistics & Facts. The global film industry shows healthy projections for the coming years, as the global box office revenue is forecast to increase from about 38 billion U.S. dollars in 2016 to nearly 50 billion U.S. dollars in 2020.
Which country produces the most filmed entertainment revenue?
China and Japan followed with 12.7 billion and 4.1 billion dollars in revenue, respectively. The filmed entertainment revenue does not refer solely to box office revenue but also comprises advertising revenue and both physical and digital home video and TV programming revenue.
How much money do movies make at the box office?
Globally, the box office for films hit $42.2 billion in 2019. 1 It is not nearly as straightforward as the early days of cinema when a movie would come out in theaters, make the vast majority of its revenues via ticket sales, and then disappear.
Which country makes the most money from box office revenue?
The outcome partially results from China counting online ticketing fees as an indissociable part of their figure. Regardless, the American and Canadian sum keeps an honorable second place, with its 2.2-billion-dollar box office revenue equaling those of Japan, France, and India altogether.
What country makes the most money from movies?
the United StatesIn 2020, the United States was the largest filmed entertainment market, with a revenue of more than 25.9 billion U.S. dollars. China and Japan followed with 12.7 billion and 4.1 billion dollars in revenue, respectively.
How many movie companies are owned by China?
12 Chinese-Owned Media Companies, From Dick Clark Productions to AMC (Photos) A firehose of Chinese investment has been flowing into Hollywood for the last few years, as Middle Kingdom firms have scooped up production companies and theater chains by the billion.
How much money does the US film industry make?
In 2020, Film Entertainment revenue amounted to $25.9 billion. That's a 27% decline from 2019 when revenue was at $35.3 billion. No doubt, this decrease is the result of COVID-19 and its impact on the industry. As of 2020, the U.S. movie industry is worth $91.83 billion.
How big is the Chinese film industry?
In 2012 the country became the second-largest market in the world by box office receipts. In 2016, the gross box office in China was CN¥45.71 billion (US$6.58 billion). The country has the largest number of screens in the world since 2016, and is expected to become the largest theatrical market by 2019.
Does Hollywood rely on China?
In 2012, Hollywood films amassed a 48.2 percent share of China's box office revenue, according to data from consultancy Artisan Gateway. By 2016, the U.S. share had slipped to 36 percent, and in 2021 it was 12.3 percent.
What companies in USA are owned by China?
American Companies You Didn't Know Were Owned By Chinese InvestorsAMC. Popular cinema company AMC, short for American Multi-Cinema, has been around for over a century and is headquartered in Leawood, KS. ... General Motors. ... Spotify. ... Snapchat. ... Hilton Hotels. ... General Electric Appliance Division. ... 48 Comments.
Which are top 5 film industries in world?
The following is a list of the top five industries in the world:Hollywood. American cinema, also known as Hollywood, has had a considerable impact on the film industry in general since the early twentieth century. ... Bollywood. ... Cinema of China. ... United Kingdom. ... Cinema of Japan (Nihon Eiga)
Who controls the film industry?
The report found that seven major studios control more than four-fifths of total film industry revenue, led by Disney (18.2%), NBCUniversal (16.4%), Time Warner (16.2%); 21st Century Fox (12.9%) and Sony (12.1%).
Which is the richest film industry in the world?
The Hollywood Movie Industry Hollywood provides and has the most powerful film business on the planet. The film business in the United States and Canada has made $21.3 billion in 2020, making it the world's most lucrative sector. In 2021, the sector again saw an increase in revenue post-pandemic.
Is the Chinese film industry bigger than Hollywood?
China surpassed the US as the world's biggest box office in 2021. Experts say fewer Hollywood movies could be approved in the region in the future. The China Film Administration has laid out a five-year plan to help the country keep the top spot.
Why is China such an important market for US filmmakers?
It benefits the Chinese film industry to have more foreign films, more U.S. films released in the Chinese market because it actually uses a lot of the studio capacity, particularly for unique format films, like 3D or IMAX.
Is the Chinese film market bigger than US?
For the second year in a row, China retained its title as the world's largest film market, overtaking North America with 47 billion yuan (7.4 billion U.S. dollars) of box office revenue.
How many US companies are owned by China?
As of March 31, 2022, there were 261 Chinese companies listed on these U.S. exchanges with a total market capitalization of $1.3 trillion. Eight of these companies are national-level state-owned enterprises (SOEs).
How much of AMC does China own?
China's Dalian Wanda Group has dumped almost all of its remaining holdings in AMC Entertainment for $426 million, bringing its stake down to just 0.002%, according to a Friday regulatory filing.
Is AMC a Chinese company?
Dalian Wanda Group, the multi-industry Chinese company that acquired AMC Entertainment for $2.6 billion in 2012, has quietly liquidated most of its shares in the world's largest theatrical exhibitor.
Is Warner Brothers owned by China?
Flagship Entertainment Group is a film production company based in Hong Kong and a joint venture between Warner Bros....Flagship Entertainment Group.IndustryFilmNumber of locations3Area servedWorldwideKey peopleRichard Fox Elaine Feng (President)ParentWarner Bros. Discovery (49%) China Media Capital (41%) TVB (10%)2 more rows
How much did China make in 2018?
That year, China’s box office cashed in $9 billion in 2018 — just behind the U.S. and Canada, which brought in a total of $11.9 billion in 2018, according to data compiled by the Motion Picture Association of America.
What is the biggest movie market in 2020?
Experts predict that by 2020, China will be the world’s largest cinema market, with box office revenue expected to jump from $9.9 billion in 2018 to $15.5 billion by 2023, according to a report by PwC. In the first quarter of 2018, China surpassed the U.S. in box office revenue for the first time. That year, China’s box office cashed in $9 billion ...
Does Hollywood have a Chinese market?
Hollywood is increasingly keeping the Chinese market in mind during its productions. More than a third of China’s highest grossing films over the last two years were made in the U.S. But, China wants its own films to win the box office — both for financial reasons and as a matter of national pride. In 2018, Dalian Wanda Group, which bought iconic ...
Who funded Once Upon a Time in Hollywood?
China ’s Bona Film Group funded “Once Upon a Time in Hollywood,” despite never making it to Chinese screens. “China wants to be the largest film market in the world as quickly as possible,” Rosen said. “And Hollywood is absolutely essential to that.”.
Is China's box office going up in 2020?
China’s box office is expected to surpass the US in 2020. That’s good news for Hollywood. LOS ANGELES — As Hollywood’s ticket sales slow in the U.S. — thanks to piracy and streaming services like Netflix and Hulu — China’s growing appetite for movies is helping to make up the difference.
Who bought AMC?
In 2018, Dalian Wanda Group, which bought iconic American movie theater chain AMC in 2012, opened the world’s biggest movie studio, which was touted as China’s answer to Hollywood. But those kinds of investments have yet to pay off as Chinese’s homegrown film market struggles to compete with Hollywood productions.
Is China a Hollywood partner?
The trend has created a surge in collaborations between Hollywood and China in recent years. Between 1997 and 2013, China helped finance just a dozen of the 100 top-grossing movies worldwide each year, according to New York Times analysis of data from Box Office Mojo and IMDB.
How much did Ne Zha grosse?
In comparison with pre-pandemic releases in 2019, the animation film 'Ne Zha' and the sci-fi movie 'The Wandering Earth' grossed around five billion yuan respectively. Aiming to achieve international success, more funding has been invested in the Chinese film industry.
Is China interested in film?
Furthermore, the Chinese Communist Party has shown particular interest in the film industry in 2021 as Beijing has released the directive to promote movies celebrating the founding of the Chinese Communist Party. In fact, local studios have enhanced their competitiveness, content quality, and variety.
Is China a Hollywood country?
dollars in box office. In terms of production, the country is only second to India’s Bollywood, and is eager to make Chinese blockbuster hits.
Is China the biggest movie market?
The Chinese box office has now overtaken North America as the largest film market in the world. While most cinemas remained closed around the world due to the COVID-19 pandemic, movie theaters began to reopen in China from July 2020. Even before the emergence of the pandemic, China had been neck and neck with Hollywood, ...
How much of Hollywood's box office revenue comes from international markets?
According to recent figures from the Motion Picture Association of America (MPAA) almost 70 per cent of the studios’ annual revenue from box office now comes from international markets. Speak to anyone in the film industry in Los Angeles and they will tell you that the growth in global box office is bringing about fundamental change in Hollywood.
What are the consequences of Hollywood's increased reliance on overseas audiences?
If Hollywood’s movies are conveying US values to the rest of the world then a consequence of the increased reliance on overseas audiences is that certain American narratives are being omitted .
Who said Chinese actors are coming to American movies?
David Hancock says: “You have Chinese actors coming to American films, you have Korean, Australian actors being slotted into a role for a film. That’s largely because these markets are important.”. Although the global appetite for Hollywood movies is growing it’s stronger in some parts of the world than others.
Who is the head of film and cinema at IHS Screen Digest?
David Hancock , Head of Film and Cinema at IHS Screen Digest, says: “If it’s a larger budget production that’s meant to go abroad then really the overseas revenues will be the dominant factor in that decision.”. In fact, the Hollywood studio staple has for a while been the big budget extravaganza that will sell overseas.
Is Fast and Furious 6 culturally specific?
As David Hancock notes: “They’re making films that have fairly universal ideas and themes, they’re not really culturally specific.”. A good example might be the recently released action film Fast & Furious 6 which has already hauled in almost twice as much revenue overseas as it has in the US.
Was Red Dawn a Chinese movie?
When word filtered through that the Hollywood invasion thriller Red Dawn – released last year – was going to feature Chinese villains there was strong criticism in the Chinese media. In an unprecedented move the villains were then digitally removed in post-production and replaced by North Koreans.
Which US companies get their revenue from China?
Contrary to the popular perception, Apple ( AAPL) generates only about 17% of its revenue from China. Boeing ( BA ), Caterpillar ( CAT ), General Motors ( GM ), Starbucks ( SBUX ), Nike ( NKE ), and Ford ( F) are some other US companies with a strong presence in the country. But none of them get more than 25% of their revenue from China.
Where does Texas Instruments sell its products?
It sells its products directly to electronics manufacturers, most of whom are concentrated in China. About 44.3% of Texas Instruments' revenue comes from China alone. Oxford, Massachusetts-based IPG Photonics ( IPGP) is a leading maker of fiber lasers.
How many casinos does Wynn have in Macau?
Topping the list is Wynn Resorts ( WYNN ), which operates three casinos in Macau. It also has two casinos in Las Vegas and another in Everett, Massachusetts. Wynn Resorts' Macau casinos account for 75.2% of its revenue. According to Tijori Finance, the Macau operations generate about 77.1% of its operating profits.
Is IPG Photonics made in China?
It doesn't have a manufacturing facility in China, but the dragon is a huge market for the company. IPG Photonics has 43.1% revenue exposure to China. AMD is another chipmaker heavily exposed to the country. About 39% of its revenue comes from the Asian nation.
How much did domestic licensing of motion picture movies generate?
Domestic licensing of rights to motion picture films generated around 12.5 billion U.S. dollars that year, marking a drop of almost five billion U.S. dollars from 2017.
How much money does the motion picture industry make?
The U.S. motion picture and video production and distribution industry’s estimated total revenue amounted to 69.9 billion U.S. dollars in 2018, up over five billion from the previous year. Since 2005, the estimated revenue has only rarely fallen below 60 billion U.S. dollars. Some of the most profitable businesses within the motion picture and video industry include WarnerMedia, Walt Disney, Sony Pictures, and Universal Studios.
What is the NAICS code for motion picture production?
The motion picture and video production industry is engaged in the production of movies, videos, television programs, or television commercials. The motion picture and video distribution industry primarily acquires distribution rights and distributes film and video productions to movie theaters, television networks, and television stations. Both industries are listed as subcategories of the NAICS Code 5121 – Motion picture and video industries.
How much money does the movie industry generate?
The U.S. movie industry. Film entertainment is big business in the United States and it was estimated that the film entertainment business generated 35.3 billion U.S. dollars in revenue in 2019. Among film studios, Disney has the highest box office market share in North America at over 30 percent and also pulls in more than double ...
How old are movie fans?
Over ten million adults in this age bracket tend to visit movie theaters frequently, around double the number of movie fans between the ages of 12 and 24 years.
Is the film industry going to be down in 2020?
However, the coronavirus pandemic began to severely impact the film industry in early 2020 after countless movie theaters closed in an effort to contain the outbreak. As a result, film industry revenue for 2020 will be down significantly from previous years both globally and in the United States.
General U.S. Film Industry Statistics
The COVID-19 Pandemic has hit the film industry hard. But, seeing as movies are still being produced, it can be hard to tell just how rough things have been. Overall, the current status of the industry seems to walk the tightrope between precariousness and absolute catastrophe. Here are some insights our research uncovered:
U.S. Film Industry Customer Statistics
Customers have always been the most crucial aspect of film industry success. After all, the inability for consumers to go to theaters was a huge hit to the industry throughout 2020. The question is, are customers still interested in the traditional film industry? Here are some insights our research uncovered:
U.S. Film Industry Employment Statistics
Due to the sheer size of the film industry in the United States, there are many people who rely on it for employment. Unsurprisingly, the COVID-19 Pandemic has had a huge negative effect. Here are the facts:
U.S. Film Industry: Pandemic Numbers and Post-Pandemic Predictions
The void left by the Coronavirus Pandemic has impacted the Film Industry in a huge way. Instead of attending theaters, many are switching to online streaming services to receive their entertainment. Here are the facts:
U.S. Film Industry Production Statistics
Despite the impacts of the Coronavirus Pandemic, the film industry continues to produce movies and other media. While production did slow down, there were still some major movie releases. Here’s what we found:
How much does a studio make from film sales?
A studio might make about 60% of a film's ticket sales in the United States, and around 20% to 40% of that on overseas ticket sales. The percentage of revenues an exhibitor gets depends on the contract for each film. Many contracts are intended to help a theater hedge against films that flop at the box office.
How do independent filmmakers make money?
Independent filmmakers can actually make money if they have a great foreign sales agent who can sell their movies in key overseas markets. Producers will often make their “wish list” when casting a film, and the list will typically be full of well-known names that “travel” overseas.
What is a VOD release strategy?
For indie films, there are several VOD release strategies: day-and-date (movies released simultaneously in theaters and VOD), day-before-date (VOD before theatrical), and VOD-only. Many films that don't have the special effects and big-name stars to lure people to the theater often profit from this model.
What is the role of merchandising in movies?
Ever since Star Wars, merchandising has played a major role in revenue for films that appeal to children . Television rights, video-on-demand, and streaming services are increasingly important sources of income for movie studios.
Why do theaters have contracts?
Many contracts are intended to help a theater hedge against films that flop at the box office. That is achieved by giving theaters a larger cut of ticket sales for such films, so a deal may have the studio getting a smaller percentage of a poorly performing film and a higher percentage of a hit film's take.
How much is a movie worth in 2019?
and Canadian box office came in at $11.4 billion.
Why don't major studios disclose their budgets?
This mystery arises in part because it costs far more to make and market a movie than most people expect.
