Germany entertainment industry is expected to see a CAGR of 7.3% during the period (2019-2025). Germany is the largest economy and one of the most populous countries in Europe. The high population base is one of the major factors for the growth of the industry in the country. The country holds a significant share in the online video streaming industry. The subscription video-on-demand share of total pay-services subscriptions is especially high in Germany. The country has around 2,085 titles available on subscription video-on-demand. Such a large number of availabilities of online content will drive the industry growth amidst the outbreak of the COVID-19 pandemic. The film industry of Germany has seen a downfall in the recent past. According to the European Audiovisual Observatory, the average production budget of films has decreased in Germany with 20.5% in 2017. However, the outbreak of COVID-19 will certainly affect the number of cinema attendance in 2020.

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Germany entertainment industry is segmented into online video streaming, amusement parks, theatrical & film productions, sports, and live events and trade shows. Based on the segmentation, the live events and trade shows industry is expected to get highly affected due to the outbreak of a pandemic. The major factor for the downfall of the live events and trade shows industry includes stern government restrictions for the travel and tourism coupled with the practice of social distancing, regarding the rapidly spreading COVID-19 across the globe. It is expected that the restrictions on large gatherings will be in place for some more time, which will result in lower attendance at events. Moreover, the amusement & theme parks is another industry vertical significantly affected by the COVID-19 pandemic. Theme parks across the globe have been closed to prevent the COVID-19 pandemic.

Moreover, the major Germany-based entertainment companies such as Berlin TV Pictures, Europa-Park, Movie Park Germany, and Heide Park Resort are facing the significant impact of COVID-19 outbreak that further affect the entertainment industry in the country. Europa Park in Germany is one of the largest amusement parks across the globe that have attracted nearly 5.7 million visitors in 2018, up 0.4% in 2017, as per TEA. These amusement parks were shut down due to lockdown orders from government bodies to curb the widespread COVID-19 pandemic. Such steps will certainly affect the revenue generation of these entertainment providers.

Research Methodology

OMR global recently published a report addressing the impact of COVID-19 on the Germany entertainment industry. The study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behavior and macro-economic factors. The report includes analysis of different regions and countries and the effect of COVID-19 on entertainment industry of each respective region. Besides, an expected recovery timeline of the industry will also be included with the best- and worst-case scenario which will aid clients to take their future steps in the decision-making process.

Sources Include

    • Financial reports of companies involved in the market

    • Whitepapers, research-papers, and news blogs

    • Company websites and their product catalog

    • Government Organizations Reports

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

The Report Covers

    • Comprehensive research methodology of Germany entertainment industry.

    • This report also includes a detailed and extensive market overview with key analyst insights.

    • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.

    • Analysis of regional regulations and other government policies impacting Germany entertainment industry.

    • Insights about market determinants which are stimulating Germany entertainment industry.

    • Detailed and extensive market segments with regional distribution of forecasted revenues.

    • Extensive profiles and recent developments of market players.