Movie, Television and Video Production in Canada Industry Market Research Report Now Available from IBISWorld
New York, NY (PRWEB) October 10, 2014 -- Over the past five years, the Movie, Television and Video Production industry has grappled with securing provincial and federal funding in the form of tax credits. While the industry landscape has been characterized by generous tax credits and subsidies, the industry has still contended with rising external competition. For example, as broadcasting companies have consolidated, many of these companies have expanded their in-house operations to also include production facilities for television programs. “Overall, this trend has made it more arduous for industry operators to tap into provincial and federal funding, due to limited resources being allocated toward more production companies,” according to IBISWorld Industry Analyst Sarah Turk. Furthermore, as many individuals have watched television programs and films via numerous digital platforms, this trend has required more industry operators to invest in convergent digital media to remain competitive.
However, many production companies have been wary of allocating their budget toward convergent digital media, which involves streamlining industry products across numerous formats (i.e. the internet, mobile and wireless devices). Although the theatrical segment has exhibited slight growth in 2013 (latest data available), this trend has failed to counteract the decline in television production, thanks to the television segment comprising a larger share of industry revenue. As a result, industry revenue is expected to slightly decline at an annualized rate of 0.1% to $3.4 billion during the five years to 2014, including revenue contracting 0.7% in 2014. “As distributors and production companies have eliminated wholesaler costs, this trend has spurred growth in profitability,” says Turk.
Over the five years to 2019, industry revenue is forecast to grow. To bolster profitability and retain revenue, many movie, television and video producers will likely vertically integrate their operations, thus including distribution and other postproduction services in their product portfolio. Furthermore, varying risk, by investing in both small and large budget productions, as well as purchasing script rights that can garner global audiences, will enable industry operators to exhibit growth.
For more information, visit IBISWorld’s Movie, Television and Video Production in Canada industry report page.
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IBISWorld industry Report Key Topics
This industry produces and distributes motion pictures and videos. It excludes third-party distributors and disc manufacturers, as well as products aimed specifically toward television.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
Gavin Smith, IBISWorld Inc., http://www.ibisworld.com, +1 (310) 866-5042, [email protected]
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