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Box office, on a film-by-film basis, has rebounded to 2019 levels, limited only by the number of wide releases in the marketplace. The number of wide releases in 2023 is more than 40% higher than 2022 and approaching the number of wide releases in 2019.
Looking ahead, the 2023 Outlook forecasts five years of continued growth, through 2027, at which point the industry will approach US$2.8 trillion in revenue—with advertising alone accounting for US$952 billion. But amid these overall gains, the rate of growth is expected to decline each year.
2023 film and television production statistics • Ontario’s Film and Television industry contributed $1.8 billion to Ontario’s economy in 2023, creating 25,862 high-value full-time equivalent direct and spin-off jobs for Ontarians.
While 2023 was a challenging year for the cinema industry, considering the more-than-100-day strike by the Writers Guild and Screen Actors Guild impacting release calendars, the year ended on a good note, with 23% more people going to the movies than the previous year.
July 2023. 1. India amidst a global reset. Evolving consumer preferences, increased internet access, and emerging technologies are fast reshaping the entertainment and media (E&M) industry. For the industry, 2022 marked an important inflection point.
• While more than 1,000 films released in the year 2023, just the top 10 films contributed 40% of the year’s total box office. Jawan was the highest-grossing film of 2023, with gross box office of `734 Cr
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Was 2022 a difficult year for the entertainment & media industry?
Jan 18, 2024 · In the ever-evolving landscape of the television, film and SVOD industries, 2023 proved to be another notable year for trend shifts. New economic realities cast a formidable shadow over the filmed content sector, particularly impacting the budgets allocated for new content production.
