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 SWOT Analysis Chapter
Market share concentration is increasing as companies integrate vertically and vie for funding, talent and studio space. The competition for talent and prevalence of unions within the industry has leveraged the ability for unions to negotiate higher average wages. As a result, the average wage increased, but the decline in industry revenue prompted industry operators to reduce their workforce. Overall, wages account for a smaller portion of industry revenue, which lowers the industry's contribution to the overall economy.
Industry value-added (IVA), or the industry's contribution to the overall economy, is declining as a result, although this negative trend can be attributed to the economic downturn... purchase to read more