10 Best Film Industries in the World 2020 | Latest Update.
Film Industries in the World: You’ve ever imagined what life would be like without a movie, without your favorite superheroes like Captain America, iron man, and the rest of them? I don’t want to even imagine it. Movie over the years has had an amazing impact on people and we owe our thanks to the notable movie industry in the world who have produced such movies. In this article, I will be showing you the 10 best movie firms in the world
1. The United States and Canada
In 2016, the film firm in the United States and Canada generated about $11.4 billion, making it the most moneymaking industry in the world. The industry experienced a 2 percent progress from $11.1 billion in 2015. Two-thirds of the American and Canadian populace attended a cinema at least once in 2016.
The rise in profit is attributed to recurrent attendants who accounted for 48% of tickets sold. Of the revenue generated, Hollywood generates about $10 billion.
Major companies in the US and Canadian film industry include Metro-Goldwyn-Mayer, Paramount Pictures, 20th Century Fox, and AMC.
The film industry of China is the 2nd biggest film industry in the world after the United States and Canada, making about $6.6 billion in 2016. For the past years, the film industry in China has been experiencing a yearly average development of a whopping 35 percent but experienced a meager 3.7 percent in 2016 compared to 48 percent it experienced in 2015.
Hollywood managed better in China and accounted for 41.7 percent of the total box office in 2016. China is also set to produce 1,612 cinemas between 2016 and 2017. The most prominent film studio in China is Hengdian World Studios
3. United Kingdom
In 2016, the film industry in the UK made $6.5 billion, somewhat lower than China. The industry is getting a massive boost from the government which includes a reduction of taxes on film production through tax reliefs. Some famous film studios in the UK include the Pinewood Studios. The industry spent a projected $2.04 billion in 2016 to produce films.
The film industry in Japan made about $2 billion in 2016. Until 2012, Japan was Asia’s biggest film producer, but slow economic growth and the high cost of film production caused a deteriorating industry that was finally surpassed by China. There were 3,472 film screens in Japan likened to over 40,000 in China. The firm shoots about 610 films and 180.2 million admissions.
Imported films accounted for 36.9 percent while locally made films accounted for 63.1%. The Cinema of Japan is one of the first industries in the world and began production in 1987.
India is the biggest producer of films in terms of quantity and in 2016 film production in the country made $1.9 billion. Most of the films produced in India are in Hindi or English guaranteeing that they can be exported. Bollywood produces films in Hindu and is the biggest film producer in India. Notwithstanding a large population and the production of many films, India has few film screens likened to other major film producers.
India has a screen ratio of 1 screen each 96,300 compared to 1 screen per 7,800 residents in the US. Film theaters are also sub-par compared to other countries.
Distinct the US and Canada where films are made in one language, films in India are created in about 20 languages limiting the film to a particular group of people.
6. Global Box Office
The global box office made $38.6 billion in 2016, a one percent rise from the previous year. The United States and Canada made the highest revenue of $11.4 billion. The global box office industry was unfavorably affected by the drop in the Chinese industry that rushed from a 48% growth to a growth of 3.8%. The global number of cinema screens grew by 8 percent or 164,000 screens.
7. South Korean Cinema
The South Korean movie industry has overall revenue of roughly $1.7 billion which makes one of the biggest movie industries in the world.
Created in 1945 it has become one of the most important movie industries giving world genres like K-pop and Korean horror, south Korean movie industry has come a long way since its beginning.
The firm Began in as early as 1895, the French movie industry is one of the first in the world. It is presently earning $1.4 billion per year making it one of the largest movie industries in the world.
The history of German cinema can go as far back as early as 1895 when short movies were made. It has currently a $1.3 billion box office that makes it among the largest in the world.
Iran is a surprising name in this list as it does not have a big box office however in current years Iranian movies have been nominated for awards all across the world making it a very important movie industry in the world.
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