US dominance ends: China will be the largest film market in the world in 2020 – News

US dominance ends: China will be the largest film market in the world in 2020 - News



What will happen next year is that the domain will be consistent and for the future: China, with 1.4 billion people, will be worth $ 12.28 billion in box office revenue, while the US (with Canada ), with 328.9 million people, will be for 11.93 billion.

Contrary to the notion that video-on-demand and streaming would kill cinema, PwC also estimates that the box office market will continue to grow by 2023, 4% worldwide and 1% in the US .

The entertainment market will not be just these changes: although the growth of streaming customers in the US is still 10% per year, the consultancy also advances that services that will soon be launched by Disney, WarnerMedia and others companies will have to bet on the international market to be able to challenge the domain of Netflix.

Despite having 149 million subscribers globally, Netflix itself acknowledged in a report in April that growth is slowing because of near-saturation in the US market and the competition from Amazon, CBS All Access, HBO Now, Hulu and other services .



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