Asia-Pacific entertainment industry will see a considerable growth of 11.5% during the forecast period. Asia-Pacific entertainment industry is one of the most severely affected regions across the globe with a major impact in economies such as China, Japan, South Korea, and India. The Asian entertainment industry has been abruptly suspended. Several industry players have suspended travel in Asia-Pacific, which in turn, has impacted the industry of theme parks, trade shows, and sports events. The Chinese government has shut all the cinema theatres and amusement parks to stop the COVID-19 spread among people. Similar steps were paved by the Indian and Japanese government. As per the Eastern India Motion Pictures Association (EIMPA), all the cinema halls will remain closed and the film shootings are kept on hold till further notice received from the government. However, the gradual decline in the percentage of positive cases of COVID-19 every day in Asia-Pacific will lift the ban on travel and limitations on social gatherings, which in turn, will offer growth to the Asia-Pacific entertainment industry.
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The entertainment hubs such as amusement parks, theatrical and film productions, cinema screens, sports, live events, and trade shows are canceled or suspended due to the COVID-19 pandemic. The disruption of the overall entertainment industry by cancellations of many events and entertainment venues will continue to impact the entertainment industry even after controlling the COVID-19 pandemic. Despite such huge losses, curbing the widespread of COVID-19 remains the top priority across the Asia-Pacific region. Live concerts, musical theater performances, sporting events, and other large gatherings of entertainment have been completely banned with no possibility of allowance shortly. However, temporary or complete lockdown in different Asia-Pacific regions gave rise to the overall online video streaming segment owing to stay home orders from the government authorities.
Market Coverage
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Report Elements |
Details |
|
Study Period |
2018-2025 |
|
Base year |
2018 |
|
Forecast period |
2019-2025 |
|
Segments Covered |
By Type |
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Countries Covered |
China, India, Japan, and Rest of Asia-Pacific |
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Key Companies Profiled |
Alibaba Pictures Group,
Eros International Media Ltd., Fantawild Holdings Inc., Sony Corp., and Universal
Studios Singapore |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected region/segment
o Recommendations
Asia-Pacific Entertainment Market – Segmentation
By Type
Asia-Pacific Entertainment Market – Segmentation by Geography
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