If that estimate is right, the revenue from American filmed entertainment will total over 32.5 billion dollars. That’s more than the combined results of China, Japan, the United Kingdom, Germany, France, and Canada.
Film production firms, film studios, cinematography, animation, film production, scripting, pre-production, post-production, film festivals, distribution, and actors are all part of the film industry, also known as the motion picture industry.
Hollywood is a Los Angeles neighborhood located in the heart of the city. Its moniker has become a shorthand for the American film business and the people who work in it. Many of the company’s studios were formed there, including Columbia Pictures, Disney, Paramount Pictures, Warner Bros., and Universal Pictures; Paramount still operates studios there.
In 1903, the city of Hollywood was established as a municipality. In 1910, it was combined with the city of Los Angeles, and a thriving film industry arose, eventually becoming the most recognizable in the world.
Due to the impact of cinema closures in 2020, global box office revenue fell to just 12 billion dollars, a dramatic reduction from previous years and reversing a decade-long trend.
For the first time, China outstripped the United States and Canada in box office sales, accounting for 2.2 billion dollars of the global total. The top five box office markets in the world (including the United Kingdom and South Korea but excluding China) each contributed less than two billion dollars to the global total.
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