Film Financing In London
The cinema industry of the United States, often referred to as ‘Hollywood’, has had a profound effect on cinema across the world since the early 20th century.
The United States cinema (Hollywood) is the oldest film industry in the world and also the largest film industry in terms of revenue.
Hollywood is the primary nexus of the U.S. film industry. American film studios today collectively generate several hundred films every year, making the United States one of the most prolific producers of films in the world. This is followed by India, China, the United Kingdom, and Japan.
In 2021, a total of 403 movies were released in the United States and Canada, up from 334 in the previous year – an annual increase of over 20 percent. Still, the 2021 figure amounts to only 51 percent of the 792 titles released in 2019, before the COVID-19 outbreak.
The box office revenue in the U.S. and Canada more than doubled between 2020 and 2021, when it reached almost $4.5 Billion U.S. dollars.
In 2021, China reported the highest box office revenue worldwide, at approximately $7.3 billion U.S. dollars. This is more than the revenues of the United States, Canada, Japan, and the United Kingdom combined.
The Chinese movie industry has flourished throughout the last few decades, reflecting the country's overall economic expansion. This skyrocketing market is also translating into higher demand for cinemas.
The global entertainment market topped $100 billion for the first time ever last year. Showing more stability than some might expect in the last 20 years, especially for independent film production .
The film industry as a whole has been profitable for the past hundred years, even during severe economic crises and it is still growing, attracting investments around the world.
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