The global entertainment market topped $100 billion for the first time ever last year. The Motion Picture Association released a new report on the international box office and home entertainment market showing that the industry reached $101 billion USD in 2019.
Digital growth was capital to home entertainment, driving 14% of overall growth. Viewing data shows that 85% of children and 55% of adults are now consuming TV shows and films on mobile devices.
The report states that the box office made $42.2 billion globally and that home/mobile entertainment accounts for $58.8 billion worldwide. While home entertainment made more than in prior years last year, the report found that 76% of the U.S. and Canadian population went to the theater at least once in the past year.