Statistics and facts about the film industry
Entertainment is big business in the United States. The sector as a whole generated around 464 billion U.S. dollars in revenue
in 2011 and forecasts predict that it will grow by a further 5.2 percent over the next four years, proving its worth not only on the domestic market but also as a major U.S. export. The film industry is one of the biggest if not the biggest player in the broader entertainment sector; it is considered a cornerstone of the industry.
The formation of a clear centralization trend can be observed in the U.S. cinema market – the number of movie theater sites has steadily been falling over the last few years; from 7,800 in 1996 to around 5,700 in 2011
. The number of movie screens
, on the other hand, is on the up. In 2011, movie theaters reported a decline in box office
and advertising revenues
. In 2012, ticket price reductions
were seen as a bid to reverse this trend and attempt to draw in larger audiences.
Even though Warner Bros. Pictures produced the most movies
in 2011, including the blockbuster of the year
– the second part of “Harry Potter and the Deathly Hallows”, it was Paramount that held the biggest share of the market
and generated largest total
In the fight for audiences and their money, both film studios and cinemas are trying to modernize their infrastructure to offer more and more exciting experiences. 2011 saw 45
three-dimensional films produced and shown on almost 13,700
3D screens all over North America, compared to 26 movies and 8,500 screens a year earlier. However, revenues generated from 3D films were significantly lower in 2011 than in 2010.