Japan entertainment industry will see the considerable growth of 9.8% during the forecast period. Amid the COVID-19 pandemic, in Japan, almost all the entertainment venues have been closed for an indefinite time, including various amusement parks, theatrical and film productions, sports, live events, and trade shows. For instance, the biggest 2020 Olympic Games, Tokyo Olympics, and Paralympics are postponed till 2021 by International Olympic Committee and Japan, which was scheduled to host the games this year in Tokyo. The cancellation and delay of such major sports events have led to a huge loss to the event organizers that have invested a lot of capital in the success of the event or tournament. The delay of the Tokyo Olympics 2020, which cost Japan a loss of over billions of dollars is one among such instances to study the impact of loss on sports. However, the International Olympic Committee announced new dates for the Olympics, 23rd July to 8th August 2021. With the cancellation or postponement of the Olympic, the COVID-19 pandemic has also stoked concern about the Tokyo Summer Games, which was scheduled in July 2020.
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Various other events were also canceled, amid the COVID-19 pandemic. For instance, "Take On Me" band A-ha rescheduled its Japanese tour to a later date; The National Symphony Orchestra canceled the five remaining performances in Japan of its Asian tour. Ueno Zoo of Tokyo, the animal park is also closed till May 2020. Tokyo Disney Resort, MAGIC Kingdoms in Shanghai and Hong Kong, Universal Studios Japan in Osaka among others also closed its doors and is expected to remain shut till the COVID-19 situation comes under control. However, some of the small operations are likely to restart in the country. Legoland Japan Ltd. has reopened attractions such as roller coasters at its amusement park Legoland Japan and Sea Life Nagoya aquarium.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2018-2025 |
|
Base year |
2018 |
|
Forecast period |
2019-2025 |
|
Segments Covered |
By Type |
|
Key Companies Profiled |
JEB Co., Ltd., Legoland
Japan Ltd., MRG Enterprise Inc., Universal Studios Japan, Sony Corp., and Toho
Co., Ltd. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected segment
o Recommendations
Japan Entertainment Market – Segmentation
By Type
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