Video streaming is a large part of the film industry’s present and future. By and by, new platforms will be launching, and people can watch content on every device they want, even on mobile devices. This is a development that has been anticipated for a long time and which will be even more prominent as a consequence of the coronavirus pandemic. Compared to that, the cinema industry looks to an uncertain future due to closures and delays in movie releases and production, which leads to a lower box office estimate of 34.6 billion U.S. dollars in 2021 than originally expected. Additionally, studios such as Universal and Disney, are bypassing the traditional process stages and directly releasing films on the formerly frowned upon streaming platforms, giving them an even bigger role within this industry.
The global filmed entertainment market, including cinema, both physical and digital home video, as well as TV, is estimated at over 100 billion U.S. dollars and is expected to be further growing within the next years. Not surprisingly, the United States held the highest market share worldwide at about one third of the total revenue. Although it will still be the leading market in 2023, China’s cinema, video, and television industry is predicted to expand the most until then.
Film industry in ChinaThe global physical video home market recently declined, while the digital segment grew significantly, surpassing DVD and Blu-ray sales already in 2016. In 2019, the revenue of online video also outpaced box office results. Additionally, the coronavirus outbreak decimated the cinema industry, whereas digital in-home entertainment reaped the benefits. The largest revenue was generated by TV subscription, despite a small decline since 2016.
Online video in EuropeIn addition to Netflix, Amazon, Hulu, Disney+ and Apple TV+, new players are entering the market. HBO Max and Peacock for example have recently been launched. The increasing competition for every subscriber leads to more content exclusivity and a growing number of people subscribing to multiple VoD services. In 2020, over one third of U.S. households having at least three VoD subscriptions did so to access a particular program or original content.
NetflixDespite the small downturn of revenue in 2020, the Walt Disney Company is recognized as one of the market leaders in the motion picture world. Not only well known for its film studios, for instance Pixar and Marvel, as well as worldwide parks and resorts, the global player is also famous for its TV networks and the recently established online video platform Disney+. In the fourth quarter of 2020, the SVoD service already had over 70 million subscribers.
DisneyThe TV, video, and film category offers relevant insights into the ever-changing landscape of visual entertainment. It provides comprehensive industry data on traditional and online television, leading broadcasters, the global film industry, and digital video content.
Statista gathers the latest financial data on box office revenue, industry market share, and TV to SVoD subscription figures in addition to compiling reach and penetration rates for various technologies and devices. Based on these performance indicators, Statista identifies the world’s leading film studios, media conglomerates, and popular streaming services and compliments these facts with information on trends in viewing behavior.
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