Global film business revenues reached $101 billion in 2019

By Emmanuel Legrand

 

For the first time, the global film market – combining theatrical, home and digital entertainment – exceeded $100 billion in 2019, according to the annual THEME report, released by the Motion Picture Association.  

 

  Global revenues from the film industry reached $101bn in 2019, up 8% over the previous year, with global box office reaching $42.2 billion (+1% over 2018), and the home entertainment market, including streaming, reached $58.8bn (+14%), with physical format representing $10.1bn and digital $48.7bn.

 

  Subscriptions to online video services worldwide grew by 28% to 863.9 million in 2019, with the USA accounting for 237.2 million, up 26% year-on-year. "Streaming, which was once a small part of our business, is without a doubt an increasingly large part of our industry's bright future," wrote MPA Chairman and CEO Charles Rivkin in the foreword to the report. 

 

  Added Rivkin: "The film, television, and streaming industry continues to transform at breakneck pace, and this report shows that audiences are the big winners. Most importantly, our industry continues to innovate and deliver great storytelling for movie and TV fans — where, when, and how they want it.”