Germany entertainment industry will see a considerable growth of 7.3% during the forecast period. 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 by 20.5% in 2017. Along with this, the overall film production investment has declined by 32.5% in 2017. However, the overall %age in cinema attendance increased in 2017 in Germany. As per the European Audiovisual Observatory, cinema attendance increased with 1.2 million, 1.0% in 2017. However, the outbreak of COVID-19 will certainly affect the number of cinema attendance in 2020.
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In April 2020, SPIO (Spitzenorganisation der Filmwirtschaft), the German film industry’s umbrella organization, has called on the country’s national and regional politicians to set up a multi-million “stability fund” in response to the sector’s ongoing slowdown due to the COVID-19 crisis. According to projections made by SPIO, a three-month lockdown might result in the loss of around 36.0% of the 80,000 jobs in the film industry, with 20% of the 6,700 companies faced with insolvency, and the industry overall posting a $2.2 billion loss in revenue. In response to this, the Federal Film Board (FFA) has announced plans for a joint rescue package currently being developed with federal and regional funders to help the film and theatrical sectors.
Market Coverage
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Report Elements |
Details |
|
Study Period |
2018-2025 |
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Base year |
2018 |
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Forecast period |
2019-2025 |
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Segments Covered |
By Type |
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Key Companies Profiled |
Berlin TV Pictures, Europa-Park, Movie Park Germany, and Heide
Park Resort |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID
o Most affected segment
o Recommendations
Germany Entertainment Market – Segmentation
By Type
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