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Where Brands and Audiences Hang Out
to Produce #LIVE Entertainment Content!
[PWE] created [THE FILMMAKERS] to promote
unique interactive LIVE events.
[THE FILMMAKERS] is a LIVE competitive program by which PlanetWOOT Entertainment will entertain and educate audiences on creative content and brand placement techniques, and will provide marketing and promotional LIVE event opportunities to artists & brands everywhere. Below is important information related to the filmmaking industry.
IMPORTANT INFORMATION FOR GLOBAL FILMMAKERS
The U.S. media and entertainment [M&E] industry is the world’s largest, expected to be valued at $723 billion by 2018 – up from $598 billion in 2014. As a marketplace, the United States is larger than Asia, Europe, Latin America, or the Middle East-North Africa for media and entertainment1. The U.S. M&E industry is concentrated on the two coasts: in the greater Los Angeles community, and in New York City, with regional hubs for each sub-sector.
The film industry boasts a trade surplus, and the U.S. filmed entertainment hubs are in Hollywood and Los Angeles, California and New York City, New York, with a cluster of smaller hubs across several states that specialize in production facilities, filming incentives (for both domestic and foreign firms), and hubs for sub-sectors that produce film, TV, or digital streaming content. U.S. box office revenues declined during 2010-2011, but have seen a slow uptick in the following years.
During the years 2014-2017, box office revenues are projected to grow only 3.3 percent on average each year and growth is expected to decline in 2018 with only a 2 percent increase. This shift has to do with the change from physical to digital, competition from multiple viewing devices and the convenience of watching movies anywhere, available to consumers 24/7, as well as increases in ticket prices, fewer films being released, and a reliance on the development of movie franchises around blockbusters rather than new movies. Financing is a key challenge to making a movie and typically has to be secured prior to pre-production with guarantees for reasonable returns. Funding has become increasingly difficult to secure and there is high risk associated with film production and distribution. ( Read more ... )