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New forecasts from Ampere Analysis suggest the global spend on video content will rise to $247 billion this year.
Getting Hollywood rolling again is a process that’s simply going to take some time. Not that long after the pandemic-related shutdowns ended, Tinseltown was essentially completely closed again for a big portion of 2023 because of the WGA and SAG-AFTRA strikes, and audiences are beginning to feel the effects, thanks to a dearth of new scripted titles on broadcast TV and streaming. However, new data released by Ampere Analysis offers a ray of hope that 2024 will see a significant rebound in terms of global productions.
Ampere predicts that content spending will grow 2% year-over-year, reaching $247 billion in 2024. Global streaming services will increase their content spends by 7% this year. Increased theatrical release slates from Amazon and Apple could be hugely important to movie theaters. 30-Day Free Trial $8.99+ / month amazon.com How Much More Will...
Getting Hollywood rolling again is a process that’s simply going to take some time. Not that long after the pandemic-related shutdowns ended, Tinseltown was essentially completely closed again for a big portion of 2023 because of the WGA and SAG-AFTRA strikes, and audiences are beginning to feel the effects, thanks to a dearth of new scripted titles on broadcast TV and streaming. However, new data released by Ampere Analysis offers a ray of hope that 2024 will see a significant rebound in terms of global productions.
Ampere predicts that content spending will grow 2% year-over-year, reaching $247 billion in 2024. Global streaming services will increase their content spends by 7% this year. Increased theatrical release slates from Amazon and Apple could be hugely important to movie theaters. 30-Day Free Trial $8.99+ / month amazon.com How Much More Will...
- 1/23/2024
- by David Satin
- The Streamable
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