The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The adoption of newer distribution platforms such as internet protocol television (IPTV) and direct-to-home (DTH), as well as online platforms such as YouTube and Vimeo, is expected to drive innovation in film and music manufacturing, thereby propelling the market during the forecast period.

The global film and music market is expected to grow from $319.12 billion in 2022 to $338.34 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The film and music market is expected to grow to $413.9 billion in 2027 at a CAGR of 5.2%.

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Global Film and Music Market Segments Include:

• By Type: Music Recording, Film And Video
• By Genre: Action, Horror, Comedy, Documentary, Drama, Other Genres
• By End User: Individual Users, Commercial Users, Other End Users
• Subsegments Covered: Record Production, Music Publishers, Record Distribution, Sound Recording Studios, Film And Video Production, Film And Video Distribution, Post-Production Services, Film And Video Theatres, Other Film And Video Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global film and music market in 2021.

Major Market Players in the film and music market include Vivendi SA, Sony Corp, The Walt Disney Company, Universal Music Group, Financière de l’Odet, Comcast Corporation, Warner Music, Viacom Inc.

Motion capture technology is increasingly being used by film and music production companies to cut costs associated with key frame-based animations. The process of recording a live motion event and converting it into actionable data that allows for a 3D recreation of the performance is known as motion capture. To accomplish these goals, performers must wear reflective markers all over their bodies, which are then interpreted by a computer and converted into digital 3D models. This technology allows for faster real-time results while also lowering the cost of key-frame animation. Motion capture technology has been used in recent box-office blockbusters such as Avengers, Captain America, Beauty and the Beast, Guardians of the Galaxy, Iron Man, and others.

The Film And Music Global Market Report 2023  provides a film and music market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The film and music market forecast analyzes film and music market size, film and music market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A motion image, a movie, or a collection of still images on film that are quickly displayed on a screen using light is referred to as a film. Music is a pattern of sounds produced by musical instruments, voices, computers, or a combination of these, and is intended to be enjoyed by those who hear it.

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