Global Sound – Irving, TX (PRWEB) July 05, 2012
The Global Movie and Entertainment industry is expected to reach an estimated US $ 139 billion in 2017 with a CAGR of 4.2% over the next five years. This growth is likely to be driven by the acceleration of online and mobile distribution of movies, lower admission prices, and government policy initiatives in developing countries.
Lucintel, a leading global management consulting and market research firm, has analyzed the Global Movies and Entertainment industry and presents its findings in Global Movie and Entertainment Industry2012-2017:Trend, Profit, and Forecast Analysis.
The Global Movie and Entertainment industry consists of organizations primarily engaged in the production and distribution of motion pictures and sound recordings. Online and mobile distribution of movies is expected to be the fastest growing sector in future with growing dominance of the internet experience over all content consumption and increasing broadband penetration. The APAC, Latin America, and Middle East are projected to lead the industry. APAC is expected to grow at the highest rate, and refurbished cinemas, new screens, and digital projection that enhance distribution should expand the market in APAC and Latin America.The Middle East and Latin America industries are forecast to witness robust growth over the forecast period.
The industry is facing the challenges of managing and protecting content rights and royalties, piracy, and an increasing cost of talent; however, the regulatory push to curb piracy, new streaming services and downloads, and digital content storage solutions are expected to drive electronic spending on filmed entertainment.
This study provides an overview of the Global Movie and Entertainment industry. The report tracks four regions of the Global Movie and Entertainment industry. The scope of this study is limited to annual trends for the past five years and forecasts for the next five years. This report includes revenue generated by box offices from total annual admissions, sales and rental of Blu-ray discs, DVDs, and online, but excludes revenues from live performances and wholesale distribution of CDs and sound recordings.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit http://www.lucintel.com.