Industry Analysis & Industry Trends
The Movie and Video Production industry has managed to weather recession-related challenges over the past five years. Although aggressive implementation of 3-D technology helped boost industry revenue, overall growth has declined due to the increasing availability of cheap or free digital access to movies. Over the next five years, online revenue will play a growing role in industry success as consumers continue to switch to digital media. In addition, growth in disposable income will boost consumer spending across categories, contributing to higher production revenue... purchase to read more
Industry Report - Industry Investment Chapter
There are significant costs associated with production equipment and technology. However, movie producers often rent technology for a fraction of its cost, while highly skilled workers and artists are required in all steps of the production process. Additionally, the strong presence of labor unions in this industry drives up the cost of labor even further by requiring high wages for members. Labor unions can leverage higher wages by threatening to disrupt production through strikes, which causes industry operators to foot large production bills.
In 2013, the industry's average wage was about $79,000, whereas the median national wage is about $46,000 according to the Bureau of Labor Statistics... purchase to read more