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Customers have always been the most crucial aspect of film industrysuccess. After all, the inability of 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: 1. 41% of movie goers among adults rarely...

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: 1. The U.S. Film Industry employs roughly 2.5 million people.And that number spans 93,000 businesses, of which the majority had to close throu...

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 servicesto receive their entertainment. Here are the facts: 1. The number of movie tickets sold plummeted by 82% between 2019 and 2020.In 2019, there were roughly 1.24 billion movie theater ti...

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: 1. The Film Industry’s production spending increased by 16.1% in North America.In 2020, global production spending reached an all-time high ...

With U.S. box office revenue being 76% lower immediately after theaters reopened, the film industry has a long way to climb to recover from the COVID-19 Pandemic. In fact, at only $2.09 billion, box office revenue is down 82% from 2019. However, it’s not all doom and gloom for the film industry. The industry is expecting to experience a CAGR of 8.3...