DUBLIN, October 26, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Box Office Market 2016-2020" report to their offering.
The report forecasts the global box office market to grow at a CAGR of 6.95% during the period 2016-2020.
A trend boosting market growth is technological advances. The film industry is primarily driven by innovation, and there is a continuous demand for new and innovative content and high-quality overall film viewing experience. As a result of this incessant demand, the global box office market is adopting various technological advancements. Vendors are striving to offer the viewers better movie experience in terms of video and audio quality. For example, 4D is a popular technology used to screen international films in the South Korean box office market.
According to the report, a key growth driver is the decentralization of expertise and skilled work force. Globalization has brought about better business connection between economies and international population, as well as decentralization of expertise across industries, including the film industry and box office market. For instance, in the early 2000s, Hollywood was confined to the city of Los Angeles. However, as of 2016, a lot of other places in the country are developing their independent film industry. Factors like technological advancements, better communication facilities, knowledge sharing and expertise exchange, which is also shrinking the gaps between small and large scale film industries, are driving the growth of the global box office market.
Further, the report states that piracy is one of the major challenges to the box office and film industry.
- 20th Century Fox
- Paramount Pictures
- Sony Pictures
- Universal Studios
- Walt Disney Company
- Warner Bros.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Industry overview
PART 06: Market landscape
PART 07: Global box office market by type
PART 08: Global box office market by genre
PART 09: Global box office market by MPAA rating
PART 10: Global box office market by source
PART 11: Global box office market by production method
PART 12: Key leading countries
PART 13: Comparison of box office and merchandise market
PART 14: Market drivers
PART 15: Impact of drivers
PART 16: Market challenges
PART 17: Impact of drivers and challenges
PART 18: Market trends
PART 19: Vendor landscape
PART 20: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/sgknl5/global_box_office
Research and Markets
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SOURCE Research and Markets