Global Motion Picture Industry Market 2020 - Impact of COVID-19, Future Growth Analysis and Challenges

Global entertainment industry is growing steadily, with China, India and Southeast Asian countries outperforming the average growth. These countries are amongst the world’s youngest nations with more people under the age of 25. Rise in disposable incomes along with favorable demographics have resulted in increased propensity to spend on entertainment and leisure. With the expansion of theatres, markets in countries such as India, China, and others South East Asian nations are surging. Growing middle class Increasing per capita income, and working population are all together generating colossal domestic demand for leisure services – including entertainment. Players operating in the region are rapidly diversifying their offerings beyond their traditional domains; thus, leveraging synergies and building presence across diversified segments of the entertainment industry. Globalization of the motion picture industry, along with emergence of multiple entertainment options supplemented by relative easy access to capital have been some of the key growth factors that are driving the global motion picture market across geographies.