The film industry is a massive, global economic force. In order to give you an idea of how big it is and what the trends are, we compiled a list of the ten largest film industries in the world by box office revenue. It should be noted that these numbers do not include home video or television rights. We expect this number will only increase as technology improves and more people cut cable TV cords.
While Hollywood still retains its spot as the largest and the most profitable film industry in the world, there are other major film industries that can, at least compete with Hollywood and have produced enough captivating movies annually. This blog post will discuss the 10 largest movie industries in the world, which are worth billions of dollars. These countries have some of the best production companies, actors, directors- you name it! They also have some pretty interesting facts about their productions that might surprise you.
WORLD’S LARGEST FILM INDUSTRIES
Hollywood is the largest major film industry in the world. In 2016, the movie industry in the United States and Canada generated $11.4 billion, making it the most profitable movie industry on the planet. In 2015, revenue expanded by 2% to $11.1 billion. The film industry in North America is almost worth as much as the next five largest major movie industries, combined. In fact, Hollywood produced more than 500 movies in 2016 alone! Some of these films were made for theaters while others went straight to streaming services like Netflix or Hulu.
In 2016, two-thirds of the American and Canadian population went to the cinema at least once. The profit boost is attributed to frequent attendees, who made up 48% of tickets sold. Hollywood represented nearly 10 billion US dollars of the income generated. Marvel Studios, Metro-Goldwyn-Mayer, Paramount Pictures, 20th Century Fox, and AMC are among the top film companies in the US and Canada.
CHINESE FILM INDUSTRY
The Chinese film industry ranks as the world’s second-largest movie making industry, producing over $6.6 billion in films in 2016, just after Hollywood. Over the last decade, China’s film business has grown at an annual rate of 35%, with a 3.7% in 2016 compared to the 48% seen in 2015. In terms of overall box office, China was the biggest market for Hollywood in 2016, with revenues amounting to $4.6 billion (41.7%). China has over 1,612 movie theaters built within two years. Hengdian World Studios is the most notable cinema in China.
The total box office revenue in China was $74.83 billion USD with the average ticket price at about $12. This makes up for 16% of the world’s entire film industry market share and has a lot to do with their large population alone, which is approximately one-fifth (21%) of all humanity! In fact, there are five Chinese films that have made it on the list of top 100 highest grossing movies worldwide – The Mermaid, Monster Hunt, Lost in Hong Kong, Wolf Totem and Mojin: The Lost Legend. They also produce around 50 foreign films each year including Hollywood blockbusters like Iron Man III and Furious VII in order to attract more international audiences
In 2016, the British film industry gained a profit of $ 6.5 billion after it spent $ 2.04 billion to produce films, which is about half of what China generated. The government is providing a significant boost to the industry, with tax incentives for film production. Pinewood Studios is a notable film production facility in the United Kingdom. The British film industry has seen a modest recovery in 2016, with an increase of 0.04% compared to last year’s figures. The UK produced $16 million (0.18%) worth of films in 2015 and this rose slightly by 13% to $17 million (0.19%).
JAPANESE FILM INDUSTRY
Japan is the fourth-largest movie industry after the United Kingdom but Japan’s film market contracted by 21% between 2007 and 2014 due to the high Yen value against foreign currencies which made it expensive for foreigners to watch films there making it less attractive than other markets such as South Korea or Thailand; however since 2012, government incentives have been implemented on productions that shoot domestically with tax breaks for overseas producers that spend at least 30 per cent of their budget in Japan. This has helped to stimulate the local industry and make it more profitable for foreign studios; notable films with scenes shot there include “The Last Samurai” (2003), (2011) starring Tom Cruise, the James Bond film “Skyfall” (2012) and Disney’s animation blockbuster Frozen (2013).
The Japanese film industry generated approximately $2 billion in revenue in 2016. Japan used to be Asia’s largest film producer until 2012, when sluggish economic growth and the high cost of film-making caused the industry to stagnate before being overtaken by China. In Japan, there were 3,472 movie screens, whereas China had more than 40,000. The film industry generated 610 films and 180.2 million tickets in 2018. Imported films accounted for 36.9 percent of the total, while films produced in-house made up 63.1 percent. Japan’s film industry is one of the oldest in the world, dating back to 1987.
China might be the largest film producer in Asia and the second-largest film industry in terms of revenues. India, on the other hand, has one of the oldest film industries in world and the largest producer of films in terms of quantity. In 2017 alone an estimated 18650 movies were produced by Bollywood studios. This means that nearly four films are released every day or two. The total number soon reached to a staggering 11000!
India’s Bollywood in 2016 generated over $1.9 billion just in profits. The majority of films produced in India are spoken in Hindi or English, allowing them to be exported. Bollywood is a Hindi-language film industry that produces films in India. It is the country’s largest movie producer. Although, India has a large population and a long history of film-making, India has far fewer cinema screens than other prominent film producers. In comparison to the United States, India has a screen 1 to 96,300 ratio rather than a screen 1 to 7,800 people.
TOP 10 WORLD’S LARGEST FILM INDUSTRIES (2021)
Here is table showing the top 10 major largest movie industries in the world.
|1||THE UNITED STATES AND CANADA||$11.4 BILLION|
|7||SOUTH KOREA||$1.5 BILLION|
Today, the film industry is one of the leading creative industries in the world. It has been estimated that there are over 100 million people employed in this sector and revenues worth $500 billion globally. This number will continue to rise as more countries invest heavily into film-making within their own country- sometimes even surpassing Hollywood’s production capabilities! As a result, with such high demand for filming movies every year, it becomes very difficult for movie fans to keep track of each of these films produced by different countries across the globe. To help you out on your quest to watch all these great movies from around the world we have created an informative list of some major film industries where most movies are made today.