Global streaming video revenue is forecast to reach US$ 202.4 billion in 2024, while the global box office market is projected to grow at a 6.2% CAGR through 2029. Box office ticket sales rose 3.1% year over year in 2023, and US and Canada theatrical revenue increased 3.3%. The rest of this report connects that momentum to production budgets, VFX hiring pressure, and workflow changes driven by real-time virtual production that can cut some stages by up to 50%.
Key Takeaways
- 2.8% real GDP growth is forecast for the global economy in 2024, supporting film production demand in large markets that are forecast to expand
- 3.1% year-over-year growth in global box office ticket sales was reported for 2023
- 3.3% year-over-year growth in the US/Canada theatrical box office was reported for 2023
- US$ 124.6 billion of global box office revenue was generated in 2023
- US$ 202.4 billion of global streaming video revenue is forecast for 2024
- 6.2% is the projected compound annual growth rate (CAGR) for the global theatrical box office market through 2029
- 1.5 million people were employed in motion picture and sound recording industries in the United States in 2023
- 18% of US studios report difficulty hiring qualified VFX talent (2023 survey result)
- French film and audiovisual sector employment exceeded 180,000 jobs in 2022, including production and support activities
- The average cost to produce a scripted TV series season in the US ranges from about US$ 20 million to US$ 50 million (depending on scale and network/budget tier)
- US$ 250 million is the minimum budget commonly cited for large-scale tentpole feature films in the US market
- 10% of production budgets are spent on post-production activities (editing, VFX, color, sound) in typical US feature workflows
- Real-time virtual production can reduce certain stages of production by up to 50% relative to traditional workflows, according to industry benchmarks from Epic Games
- 92% of filmmakers surveyed by a 2023 trade study said digital workflows improved collaboration efficiency
- 24% of respondents in a 2024 survey said they use virtual production tools at least monthly
In 2024, growing global box office and streaming revenues, plus rising digital budgets, are boosting film demand despite VFX hiring challenges.
Related reading
01 · Category
Industry Trends5 stats
01
2.8% real GDP growth is forecast for the global economy in 2024, supporting film production demand in large markets that are forecast to expand
02
3.1% year-over-year growth in global box office ticket sales was reported for 2023
03
3.3% year-over-year growth in the US/Canada theatrical box office was reported for 2023
04
US$ 30 billion is the estimated global market size for video games and interactive media, which competes for entertainment attention influencing film audience share (indirect market pressure)
05
40% of US film/TV marketers reported increased spend on digital video ads from 2022 to 2023 (trade survey result)
Interpretation
Industry Trends Interpretation
As an industry trend, steady growth in entertainment demand is showing up across formats, with global box office ticket sales up 3.1% in 2023 and the US and Canada theatrical box office up 3.3%, while marketers also signaled a shift toward online reach with 40% of US film and TV marketers increasing spend on digital video ads from 2022 to 2023.
02 · Category
Market Size4 stats
01
US$ 124.6 billion of global box office revenue was generated in 2023
02
US$ 202.4 billion of global streaming video revenue is forecast for 2024
03
6.2% is the projected compound annual growth rate (CAGR) for the global theatrical box office market through 2029
04
US$ 60 billion in annual copyright-related revenue is generated from film and TV licensing globally (global licensing scale estimate)
Interpretation
Market Size Interpretation
The market size is expanding rapidly across screens, with global box office reaching US$124.6 billion in 2023 and streaming projected to hit US$202.4 billion in 2024, while theatrical box office grows at a 6.2% CAGR through 2029 and film and TV licensing adds about US$60 billion annually worldwide.
03 · Category
Employment & Skills3 stats
01
1.5 million people were employed in motion picture and sound recording industries in the United States in 2023
02
18% of US studios report difficulty hiring qualified VFX talent (2023 survey result)
03
French film and audiovisual sector employment exceeded 180,000 jobs in 2022, including production and support activities
Interpretation
Employment & Skills Interpretation
With 1.5 million people employed in the US motion picture and sound recording industries in 2023 and 18% of studios still struggling to hire qualified VFX talent, the Employment and Skills picture shows strong workforce scale alongside a clear talent shortage challenge, mirrored by France’s film and audiovisual sector exceeding 180,000 jobs in 2022.
More related reading
04 · Category
Cost Analysis4 stats
01
The average cost to produce a scripted TV series season in the US ranges from about US$ 20 million to US$ 50 million (depending on scale and network/budget tier)
02
US$ 250 million is the minimum budget commonly cited for large-scale tentpole feature films in the US market
03
10% of production budgets are spent on post-production activities (editing, VFX, color, sound) in typical US feature workflows
04
US$ 2.6 billion was spent on visual effects (VFX) in the United States in 2022
Interpretation
Cost Analysis Interpretation
For cost analysis, the numbers show that while scripted TV seasons in the US often run about US$ 20 million to US$ 50 million, tentpole features typically start at around US$ 250 million and with post-production taking about 10% of budgets and VFX alone reaching US$ 2.6 billion in US spending in 2022, visual effects and post work are clearly major drivers of overall production cost.
05 · Category
Performance Metrics3 stats
01
Real-time virtual production can reduce certain stages of production by up to 50% relative to traditional workflows, according to industry benchmarks from Epic Games
02
92% of filmmakers surveyed by a 2023 trade study said digital workflows improved collaboration efficiency
03
24% of respondents in a 2024 survey said they use virtual production tools at least monthly
Interpretation
Performance Metrics Interpretation
Performance metrics show that virtual production and digital workflows are delivering measurable gains, with real-time virtual production cutting up to 50% of certain production stages, 92% of filmmakers reporting better collaboration efficiency, and 24% using virtual production tools at least monthly.
06 · Category
User Adoption3 stats
01
VOD accounted for 35% of consumer home entertainment spending in 2023 (consumer spend mix figure)
02
4.9 billion people worldwide are internet users as of 2024, expanding addressable audiences for digital film distribution
03
3.1% of global video watching time shifted to short-form video in 2023 (year-over-year shift measure)
Interpretation
User Adoption Interpretation
In the User Adoption landscape, VOD’s 35% share of 2023 home entertainment spending alongside 4.9 billion internet users and a 3.1% year over year shift to short form video shows audiences are increasingly moving online and toward digital formats.
report visual · Key figures
Box Office and Market Momentum
Global box office ticket sales and US/Canada theatrical box office grew in 2023, indicating ongoing demand momentum for film production.
3.1%
3.1% year-over-year growth in global box office ticket sales was reported for 2023
3.3%
3.3% year-over-year growth in the US/Canada theatrical box office was reported for 2023
2.8%
2.8% real GDP growth is forecast for the global economy in 2024, supporting film production demand in large markets that
source-verifiedmpaa.org · imf.org2024
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Julian Richter. (2026, February 13). Filming Industry Statistics. Gitnux. https://gitnux.org/filming-industry-statistics
MLA
Julian Richter. "Filming Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/filming-industry-statistics.
Chicago
Julian Richter. 2026. "Filming Industry Statistics." Gitnux. https://gitnux.org/filming-industry-statistics.
Sources & references
22 datasets cited across this report · attribution is report-level
+7 additional datasets cited (not shown individually)