The global movie entertainment market has been estimated to increase at a compound annual growth rate (CAGR) of 4.2% over the next five years, to reach a total market value of $139 billion in 2017.
Growth within the global movie entertainment market 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.
The overall entertainment industry grew at a CAGR of 66% from 1998 to 2010, with the amount of content being produced in the global movie entertainment market growing at an incredible pace.
The global movie entertainment industry is facing the challenges of managing and protecting content rights and royalties, piracy, and an increasing cost of talent; however, on the other hand, 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.
APAC, Latin America, and the Middle East have been forecast to lead the industry, with APAC expected to grow at the highest rate.
Newly refurbished cinemas, new screens, and digital projection that enhance distribution look set to expand the market in APAC and Latin America.
For more information on the global movie entertainment market, see the latest research: Global Movie Entertainment Market Report
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