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Movie and Video Production in the US Industry Market Research Report from IBISWorld Has Been Updated

  (January 18, 2014)
Movie and Video Production in the US Industry Market Research Report from IBISWorld Has Been Updated

New York, NY (PRWEB) January 18, 2014

The Movie and Video Production industry has weathered a number of recession-related challenges over the past five years. As the global debt crisis set in, risk capital and financing for major video productions declined, suppressing industry revenue growth. Although aggressive implementation of 3-D technology boosted revenue, this trend was offset by the increasing availability of low-cost or free digital access to movies, which has hampered industry revenue, according to IBISWorld Industry Analyst Sarah Turk. As a result, revenue is forecast to decline at an annualized rate of 3.3% to $32.9 billion in the five years to 2013.

As rising consumer spending drives additional investments in home entertainment and reduces consumer spending per movie, IBISWorld estimates that revenue will contract 4.7% in 2013. Industry success hinges on the availability of funding for movie production. A devaluation of the US dollar in 2010 and 2011 has increased the cost of producing movies internationally, regardless of taxes and other incentives provided by foreign governments, says Turk. In the five years to 2013, the number of firms is forecast to decrease at an annualized rate of 0.3% to 6,455, despite the introduction of new technologies making it easier to start a production company. Consolidation, including Disney's Lucasfilm and Marvel acquisitions, has reduced the number of industry operators.

Both brand alignment and new technologies enabling large studios to streamline processes across departments have spurred restructuring among industry operators. As a result, large companies are able to benefit from cost efficiencies across departments, in addition to producing a diversified portfolio of movies to offset risk from a movie's slow box office sales. Consequently, industry profit is expected to remain relatively steady through 2018, especially as high-margin digital platforms become the go-to outlet for movies among consumers.


In the next five years, online revenue will play a growing role in the industry's success as consumers continue to switch to digital media. In addition, disposable income is forecast to grow, boosting consumer spending and contributing to higher production revenue. However, the potential of union strikes during periods of contract negotiations will remain a constant threat.

For more information, visit IBISWorlds Movie and Video Production in the US industry report page.

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IBISWorld industry Report Key Topics

The Movie and Video Production industry produces and distributes motion pictures and videos. It excludes third-party distributors and disc manufacturers, as well as products, such as television shows and made-for-TV movies, that are aimed specifically toward television.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2014/01/prweb11500632.htm.


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