Films not only entertain us but also show us the directions in a tough situation. A film is capable of making society aware of transforming trends and circumstances. Kids not only watch movies, but they also try to follow their favorite character in real life. There is the number of film industry present in the world in different regions.
5 Highest Grossing Film Industries Around The World
Isn’t it obvious? Hollywood is more than 120 years old. It is the largest, oldest, and highest grossing film industries around the world. In the year 2017, the film industry in the United States generated around $10.24 billion, making it the most top grossing production in the world. Of the earnings produced, Hollywood accounted for $10 billion. Major players in the United States and Canadian film industry incorporate Paramount Pictures, Metro-Goldwyn-Mayer, 20th Century Fox, and AMC.
- Cinema of China
China film industry holds the second place after the United States and Canada, generating $8.59 billion in the year 2017 a rise from $6.6 billion in the year 2015 according to Box Office Collections. According to entertainment reports last ten years, the China film industry has been experiencing annual average growth of a whopping 35% but experienced a meager 3.7% in 2016 compared to 48% it experienced in the year 2015.
Hollywood fared better in China and accounted for 41.7% of the total box office collection in the year 2016. China is also set to generate 1,612 cinemas between the years 2016 and 2017. The most famous film studio in China is Hengdian World Studios.
Film Industry of India is the largest film industry in the world regarding the number of movies produced per year. In the year 2013, Bollywood produced more than 1400 movies. Nevertheless, according to Box Office collection, Bollywood comes in as the 3rd highest grossing film industry regarding revenue the industry spurts in.
In the year 2017 alone, Bollywood generated $2.39 billion. Most of the movies produced in India are in English or Hindi ensuring that they can be sells overseas. Indian film industry produces films in Hindi and is the most significant film producer in India.
However, notwithstanding a vast population and the production of several films, India has few film screens compared to other major movie producers. India has a screen ratio of one screen/96,300 compared to one screen/7,800 residents in the United States. The other defy could be contrasting the US and Canada where films are produced in single language, films in India is created in about 20 different words limiting the film to a fixed group of people.
- Cinema of the United Kingdom
In the year 2017, the film industry in the United Kingdom produced $1.73 billion. The growth of the Film industry of UK is highly credited to the gigantic boost the sector receives from the government which consists of a cutback of taxes on film production through tax reliefs. Some remarkable film studios in the United Kingdom include the Pinewood Studios. The industry spent an anticipated $2.04 billion in the year 2016 to produce movies.
- Cinema of Japan
The film industry of Japan produced around $2.5 billion in the year 2001; an augment from $2 billion in the year 2016 according to Box Office Collection. Until the year 2012, Japan was the most significant film producer of Asia, but slow fiscal growth and the high cost of film creation resulted in a stagnating industry that was lastly surpassed by China. According to entertainment reports, there were 3,472 film screens in Japan compared to more than 40,000 in China. The Japan film industry generated 610 films and 180.2 million admissions.