Japan’s Online Video Sector Will Drive Domestic Screen Industry, Total Industry Revenue Set To Hit $34 Billion By 2029 — MPA Report
deadline.comJapan’s online video industry is set to grow at a 7% compound annual growth rate over the next five years, according to a report on “The Future of Japan’s Video Industry” by Media Partners Asia (MPA).
This will account for 45% of total screen revenue by 2029, including free TV, pay-TV and theatrical, versus 35% in 2024. The report also found that the number of theatrical releases has recovered to pre-Covid levels and local movies continue their dominance in Japan, contributing around 70% of gross box office.
Additionally, the report forecasts that total screen industry revenue in Japan will grow from US$31.8 billion in 2024 to US$34.1 billion by 2029.
Total online video industry revenue will reach $15.3 billion by 2029, with YouTube in the user-generated content and social video space emerging as the frontrunner.
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