GitHub repository: moviesourceLLC/moviesourcespaces
Primary language: TypeScript
Created: 2022-03-22T10:57:33Z
Description: MOVIE SOURCE ENTERTAINMENT CENTER, INC.  Movie Source Entertainment Center "United States"  OVERVIEW  Movie Source Entertainment Center (M&E) industry is the largest in the world. At $717 billion, it represents a third of the global M&E industry, and it includes motion pictures, television programs and commercials, streaming content, music and audio recordings, broadcast, radio, book publishing, video games, and ancillary services and products. The U.S. industry is expected to reach more than $825 billion by 2023, according to the 2018-2023 Entertainment & Media Outlook by PriceWaterhouseCoopers (PwC).   INDUSTRY SUBSECTORS  Filmed Entertainment (Motion Pictures, Television, and Video) The U.S. filmed entertainment industry encompasses films, movie theaters, TV subscriptions and electronic home video production, and distribution and consumption. Box office receipts are expected to surpass $11 billion in 2019 (this figure includes projected cinema advertising earnings of $991 million). TV and home video earnings are expected to reach $96 billion in 2019. Due to the rapid expansion of streaming video on demand (SVOD), television subscriptions are expected to experience a slight decline (to $91 billion) through 2019.    Box office numbers are expected to grow as theaters adopt digital screens, increase ticket prices, diversify concession options, offer consumer products such as movie or brand related merchandise, and offer membership discounts to attract viewership. Traditionally the film industry consisted of multinational umbrella corporations, major studios, and independent studios or “indies." Today, multi-channel networks engage in the filmed entertainment sector and SVOD platforms are major drivers in the filmed entertainment sector.     Drawing on formidable strengths, the U.S. film industry has a proven ability to produce films that generate hundreds of millions of dollars, including revenues from distribution across strong domestic and international networks. Success in the industry is based on creativity and financing, and the industry is largely self-regulated. The U.S. market has a large talent pool of writers, actors, producers, directors and technical experts, and is home to a variety of film crews, post-production firms, backdrops, and infrastructure to support production. U.S. filmmakers also receive critical protections for their intellectual property.    Many of the leading motion picture studios are part of larger media conglomerates that often include television, video and streaming services, music services, newspaper, cable and magazine segments. The U.S. filmed entertainment sector enjoyed a trade surplus of $10.3 billion in 2016 (latest available data), which was roughly 4 percent of the total U.S. private sector services trade surplus that year.    The industry offers attractive possibilities for international companies, both large and small, and provides film production tax incentives. With the shift toward digital production and distribution, foreign firms are continually seeking out U.S. digital and animation expertise and new formats.   Music The U.S. recorded music industry (including concerts and touring) grew to $22 billion in 2019. Collectively, it is the largest global music market. Aside from contracting physical music sales, all segments of recorded music are up, including digital, streaming, and sync licensing. Since overtaking physical music sales in 2014, digital sales have helped the music industry adapt to a fast-changing entertainment landscape (royalties are expected to reach $1.1 billion in 2019). Live and recorded music sales are rising, and digitally recorded music is expected to grow just under $1 billion in 2019. Many companies in the industry have diversified, signing sync deals with vertical businesses for TV ads, in-flight entertainment, satellite radio, restaurants, touring, live entertainment, and merchandise. The United States also has the world’s largest performance rights market and earns half of global sync revenues.     Digital technologies have revolutionized the music industry by creating high quality, low-cost recording technologies and digital distribution, along with the proliferation of devices to download and listen to music. Future industry growth is likely to come from diversified services as they capitalize on vertical business opportunities to license brand name products and services, packaging consumer experiences around touring and live music, bundling music services with other online content services and more. Streaming services will continue to grow and offer more personalized services for consumers. The consumer has more power to influence digital entertainment industries than ever before.   Book Publishing The U.S. publishing sector, which includes both physical and digital books, is the largest in the world: $38 billion in 2018. Publishing is measured across three major segments: professional, educational, and consumer publishing. Consumer books cover the largest market share by far, followed by educational and then professional books. By 2023, digital publishing will account for nearly 60 percent of all U.S. publishing.    Consumer demand and reading experiences continue to evolve. For example, online retailer Amazon has opened physical book stores (for both physical and e-books). In addition to e-readers, which are designed to only display e-books, smartphones, and tablets bring entire libraries (and most human knowledge) to users' fingertips. More than 80 percent of American adults own a smartphone, and more than half own a tablet and/or an e-reader. (Pew)    Video Games The U.S. gaming industry accounts for a significant amount of the M&E industry, and revenues are expected to reach nearly $26 billion in 2019. Today’s consumers have access to multiple devices for gaming, including PCs, mobile phones, digital or physical consoles, and tablets. The sector is comprised of: physical, digital, and online games; mobile apps; and virtual and augmented reality (VR/AR). Electronic sports, also known as "eSports" or "e-sports", includes professional gaming, in which players compete before a live audience, and the industry is growing quickly: $281 billion in 2019, more than double its size in 2016. In 2019, eSport media rights earnings will have quadrupled to $69 million in that same period. (NOTE: eSports earnings data are currently available for about ten key markets worldwide).     The industry is constantly innovating and bringing new applications to market. VR is the use of digital technology to replace reality with a complete and realistic, immersive simulation, while AR is interaction with computer-generated content overlaid with the "real world". Using VR/AR, U.S. developers and scientists are producing cutting-edge solutions in healthcare, education, online shopping, and entertainment. VR gaming has grown more than 14 percent since 2018.  Prepared in collaboration with the International Trade Administration's Industry & Analysis Unit (I&A)  ￼  Industry & Analysis (I&A) staff of industry, trade and economic analysts devise and implement international trade and investment strategies to strengthen the global competitiveness of U.S. industries. By combining in-depth analysis with the International Trade Administration’s industry relationships, I&A devises initiatives to unlock export and investment opportunities for U.S. businesses, represent the interests of U.S. industry in trade negotiations, and publishes research on global opportunities for U.S. companies.  MOVIE SOURCE ENTERTAINMENT CENTER INDUSTRY ASSOCIATIONS  American Association of Independent Music Association of American Publishers Copyright Alliance Creative Future Entertainment Small Business Alliance Entertainment Software Association Independent Film and Television Alliance International Game Developers Association International Intellectual Property Alliance Motion Picture Association of America National Association of Broadcasters National Association of Television Producers and Executives National Music Publishers Association Recording Industry Association of America  Industry Publications: Billboard Magazine Digital Media Wire Game Informer Hollywood Reporter Publishers Weekly PricewaterhouseCoopers Entertainment & Media Outlook Variety  Why Invest  World's Largest Market  Nexus of Innovation  Ease of Doing Business  Workforce Talent  Abundant Resources  Access to Capital  Industries  Aerospace  Agribusiness  Automotive  Biopharmaceuticals  Chemicals  Consumer Goods  Energy  Environmental Technology  Financial Services  Logistics and Transportation  Machinery and Equipment  Media and Entertainment  Medical Technology  Professional Services  Retail Trade  Software and IT Services  Textiles  Travel, Tourism & Hospitality  Our Services  For U.S. Economic Developers  For International Companies  ReSelectUSA  Events  SelectUSA Summit  Upcoming Events  Past Events  Resources  FDI in the USA  Find Economic Developers  Find Service Providers  SelectUSA Stats  FDI Fact Sheets  Reports and Publications  Programs and Incentives  Online Tools  Newsroom  Press Releases  Blog Posts  Video Library  Email Newsletters  About  About SelectUSA  Interagency Investment Working Group  Investment Advisory Council  Our Team  Careers and Internships  Contact Us  Privacy Program   envelope Icon     linkedin Icon     twitter Icon     youtube Icon  ￼  Home  |  Website Feedback  |  Privacy Policy  |  Disclaimer  |  USA.GOV    The International Trade Administration (ITA), U.S. Department of Commerce manages this site to promote and facilitate business investment in the United States.  External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. This site contains PDF documents. A PDF Reader is available from Adobe Systems Incorporated.