Movie & Entertainment Market

With consumers becoming more digital, their media and entertainment consumption and purchase habits have also changed from multi-tasking while watching TV to accessing information through multiple devices. This brings on both challenges and opportunities around the distribution and usage of both print as well as digital content for companies throughout this industry. The user experiences and their engagement with the media industry is still the primary business objective while investing in this sector. The industry is dominated by the broadcast sector where television programs and commercials are the primary sources of revenue. The increasing popularity of 3D movies that give the audience experience of virtual reality is projected to drive the movie & entertainment market growth. The number of investors and buyers for the market continues to remain largely global. Increased spending on entertainment and change in the lifestyle of people in growing economies are expected to have a positive effect on revenue generation. Enhanced communication and distribution channels have increased the access of people to products.COVID-19 scenario analysis:

• There is a secular decline in film attendance, most major markets are in retreat.
• Venue operators are also challenged by a declining theatrical window, the amount of time studios show movies only in theatres before releasing them for sale, download or streaming. Since the turn of the century, the theatrical window has narrowed.
• This change reflects consumer preferences for content consumption, which 
• increasingly favors streaming video on-demand (SVoD). Many SVoD services are now owned or invested in by movie studios, which alleviates incentives to maintain a long theatrical window and boosts an increasingly competitive streaming environment.
• This has led studios to prioritize releases for their own services, leading to reduction in films shown in theatres.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

 In the recent past, several live streaming virtual multichannel video programming distributors (MVPDs) had launched multiple offerings with a combination of live networks and on-demand contents. With consumers across all age groups streaming more content than ever before, there is an ongoing dynamic shift from traditional pay TV to subscription-based paid streaming video services along with the growth in the number of smartphones & tablet devices. The rising popularity of high-quality videos in terms of their clarity is expected to intensify the demand for better streaming media services. Furthermore, the focus of the OTT service providers, such as Netflix and Amazon, toward providing 3D movies along with the increasing popularity of 4K UHD content will be primary growth factor for the global media and entertainment content, thereby influencing the market growth positively.

The media & entertainment market landscape is highly competitive and consists of some of the prominent players leading across the industry. In terms of market share, some of the major players are currently dominating the movie & entertainment market. However, with advancement in the emerging network technology (5G) across OTT services, new players are increasing their market presence, thereby expanding their business footprint across the emerging economies.

Competitors involved in the movies & entertainment market are shifting their focus toward regional cinema to expand their creations. The trend to look beyond traditional mediums to establish stronger connections with the audiences is observed among the players. Rising demand for regionalization provides a broad range of themes and genres for filmmakers. Easy access to the audience through various platforms such as TV and the internet has encouraged new talents to come up. Increased adoption of mobile communication and the internet in countries such as China, South Korea, and India drives industry progress in emerging markets. Thus, the stagnation in the global movie & entertainment market due to the maturation of leading markets such as the U.S. is overcome by increasing demand and rapid progress in these countries.

Revenue generation is restricted due to high piracy rates and lower profit margins 
through online streaming. The number of new entrants in online streaming 
business has observed a rise. Developments in cybersecurity laws and tightening 
legal actions against piracy are expected to reduce losses for the players. The 
introduction of digital storage formats led to a drastic decline in the music & video 
segment. Demand for CDs, DVDs, VCDs, and vinyl records witnessed a downfall 
with increasing spread of internet and online streaming. Piracy is another 
major factor contributing to the decline in the revenue share of music & video 
segment.

However, in recent years, music & video segment is observed to have positive 
growth. Change in operational strategies of music companies such as a partnership 
with online streaming service providers and radio broadcast companies is 
attributed to this positive growth.

Key benefits of the report:

• This study presents the analytical depiction of the industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the movie & entertainment market share.
• The current market is quantitatively analyzed to highlight the market growth scenario. 
• The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in the coming years

Questions answered in the movie & entertainment market research report:

• Which are the leading market players active in the movie & entertainment market?
• What would be the detailed impact of COVID-19 on the movie & entertainment market?
• What current trends would influence the movie & entertainment market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Movie & Entertainment Market Report Highlights