The North American entertainment industry will see the considerable growth of 9.8% during the forecast period. video streaming is considered as the fastest growing entertainment industry in North America with a substantial number of major video streaming platform that includes Netflix, Prime Video, YouTube TV, FuboTV, Disney+, VRV, and Tubi. These platforms hold the highest share in the global video streaming industry, hence contributes to the North American entertainment industry. Due to the coronavirus outbreak, the lockdown has been imposed in the region, hence a large population of the region is staying at home which is driving the video streaming business.
Browse the full report description of "North American Entertainment Market Size, Share & Trends Analysis Report by Type (Online Video Streaming, Amusement Parks, Theatrical & Film Productions, Sports, and Live Events and Trade Shows), Impact of COVID-19 on North American Entertainment Industry, and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/north-american-entertainment-market
For instance, the number of Netflix subscribers has been increased in 2020 with almost 16 million people created accounts in the first three months of the year, as per Netflix, Inc report. Further, due to the extension of lockdown in the region, more people are likely to seek home entertainment options such as streaming TV shows and films from Netflix, Disney Plus, Comcast’s Peacock, AT&T’s HBO Max and others which will increase the video streaming industry in the region. However, due to the COVID-19 outbreak, various online content production companies have stopped shooting all scripted TV shows and films in the US and Canada starting from March 16, 2020. The shows postponed due to coronavirus are Stranger Things 4 and Sex/Life starring Sarah Shahi.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2018-2025 |
|
Base year |
2018 |
|
Forecast period |
2019-2025 |
|
Segments Covered |
By Type |
|
Countries Covered |
US and Canada |
|
Key Companies Profiled |
Netflix Inc., Paramount
Pictures, Walt Disney Co., and Six Flags America |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID
o Most affected region/segment
o Recommendations
North American Entertainment Market – Segmentation
By Type
North American Entertainment Market – Segmentation by Geography