Netflix is spending $8 billion producing or buying content in 2018. Hulu is spending about $2.5 billion.
Netflix will have around 1,000 originals total on the service by the end of 2018, with 470 of those set to premiere between now and end of the year.
Netflix, Hulu and Amazon are expected to triple their content spending by 2022.
Asia and eSports are the future of entertainment
The global box office’s record high was driven by a 7% increase in international markets ($29.5 billion). Japan, the United Kingdom, India, and South Korea rounded out the top five international markets after China. Cinema screens increased eight percent globally in 2017, reaching just over 170,000, led by continued double digit growth in the Asia Pacific region (+16%).
Ent Group predicts that China’s annual box office will exceed 90 billion yuan ($14.34 billion) by 2022. In addition, film-related sectors will generate over 200 billion yuan ($31.87) in total revenue.
China was the largest global movie market in the first quarter of 2018.
China will likely double the North American movie and entertainment market before 2030.
India and the ASEAN entertainment markets will reach comparable size about 20 years behind China’s growth.
The growth of the Asian markets will shape the blockbuster content that is produced. There will be tons of content for each niche market. Netflix has identified several hundred separate entertainment niche markets.
ESports (watching professionals play video games like Fortnite) will surpass $1 billion in revenue in 2018. There are over 400 million viewers of eSports. Currently, eSports is making about 5-6 times less per viewer than the roughly $15 per viewer of regular sports.
If eSports can figure out how to make more money per viewer then it will probably become a bigger market than regular sports. The younger generations prefer to play and watch video games.
China already has a $32.5 billion mobile gaming market.
Newzoo released the first quarter 2018 Global Games Market Report. They forecast that 2.3 billion gamers across the globe will spend $137.9 billion on games in 2018. This represents an increase of +13.3% from the year before, or $16.2 billion. Digital game revenues will take 91% of the global market with $125.3 billion.
Consumer spend on games will grow to $180.1 billion by 2021, a CAGR of +10.3% between 2017 and 2021. Global games market revenues were $70.6 billion in 2012.
The global games market is doubling every 6 years. This would mean $360 billion in 2027 and $720 billion in 2033 if the trends continued.
Mobile gaming should be $106.4 billion market in 2021.
3D viewing, immersive entertainment, virtual reality, augmented reality and higher resolutions all will contribute to the rise of eSports.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
Sturgeon’s Law. “Ninety percent of everything is crud”. Derived from a quote by science fiction author Theodore Sturgeon, who once said, “Sure, 90% of science fiction is crud. That’s because 90% of everything is crud.” More crud means more good stuff, too, probably. Both accompanied by increasing ease of entry. I sometimes look at cartoons that dominated broadcast tv in the 60’s, shows that I know took lots of people to make, that are now easily eclipsed by things lone, or nearly lone, artists do on home computers in their basements and just marvel. In the future, with even better hardware and software tools, I expect that such folks may be making what could have passed for live action features in the past. And some of them will be really good.
Funnily, we still are under the rule of the show seasons and only so many hours of content per year, regardless of the nature of the distribution medium. This comes from the amount of work, money and people required to make good content with actors, directors, production and fx teams. So the popular shows still are a scarce good. While the bad or mediocre stuff is like a flood, but most people simply let it pass (unless they are into it). In a sense, we are entering a media post-scarcity society, but the good stuff is scarce, as always.
Sturgeon’s Law. “Ninety percent of everything is crud”. Derived from a quote by science fiction author Theodore Sturgeon who once said “Sure 90{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of science fiction is crud. That’s because 90{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of everything is crud.”More crud means more good stuff too probably. Both accompanied by increasing ease of entry. I sometimes look at cartoons that dominated broadcast tv in the 60’s shows that I know took lots of people to make that are now easily eclipsed by things lone or nearly lone artists do on home computers in their basements and just marvel. In the future with even better hardware and software tools I expect that such folks may be making what could have passed for live action features in the past. And some of them will be really good.”
Funnily we still are under the rule of the show seasons and only so many hours of content per year regardless of the nature of the distribution medium.This comes from the amount of work money and people required to make good content with actors directors production and fx teams.So the popular shows still are a scarce good. While the bad or mediocre stuff is like a flood but most people simply let it pass (unless they are into it).In a sense we are entering a media post-scarcity society but the good stuff is scarce as always.
Hey something for AI to do … sort the good stuff from the crud.
Hey something for AI to do … sort the good stuff from the crud.
Netflix used to carry prime movies, to the consternation of movie production companies who lost big screen revenue to them. Now they either don’t or they get only movie flops instead. Most of the Netflix offerings are drek or foreign language cheap productions. Some are good, like the Marvel series, but Disney is going to reclaim ownership of that line in the next year. As for the world’s major movie audience, it is unquestionably shifting to China, but American audiences may not shift with it, though that may not be enough to stop the shift. A case in point may be the recently released “Skyscraper,” which, despite starring proven box-office draw Dwayne Johnson, is perceived as a flop domestically, at least. I saw it, liked it, though it was predictable and a too-close knock-off of Die Hard. But maybe the fact it was based in China (and co-produced by China company owned Legendary Pictures), had a Chinese-made building, and non Chinese villains, has kept its American appeal down. All perfectly logical in today’s world, but American audiences may not like being reminded they are losing the geopolitical race to China. Maybe they’ll start watching Netflix instead, if they aren’t already. American box office receipts have been struggling lately.
Netflix used to carry prime movies to the consternation of movie production companies who lost big screen revenue to them. Now they either don’t or they get only movie flops instead. Most of the Netflix offerings are drek or foreign language cheap productions. Some are good like the Marvel series but Disney is going to reclaim ownership of that line in the next year.As for the world’s major movie audience it is unquestionably shifting to China but American audiences may not shift with it though that may not be enough to stop the shift. A case in point may be the recently released Skyscraper”””” which”” despite starring proven box-office draw Dwayne Johnson is perceived as a flop domestically at least. I saw it liked it though it was predictable and a too-close knock-off of Die Hard. But maybe the fact it was based in China (and co-produced by China company owned Legendary Pictures) had a Chinese-made building and non Chinese villains has kept its American appeal down. All perfectly logical in today’s world but American audiences may not like being reminded they are losing the geopolitical race to China. Maybe they’ll start watching Netflix instead”” if they aren’t already. American box office receipts have been struggling lately.”””
Netflix used to carry prime movies, to the consternation of movie production companies who lost big screen revenue to them. Now they either don’t or they get only movie flops instead. Most of the Netflix offerings are drek or foreign language cheap productions. Some are good, like the Marvel series, but Disney is going to reclaim ownership of that line in the next year.
As for the world’s major movie audience, it is unquestionably shifting to China, but American audiences may not shift with it, though that may not be enough to stop the shift. A case in point may be the recently released “Skyscraper,” which, despite starring proven box-office draw Dwayne Johnson, is perceived as a flop domestically, at least. I saw it, liked it, though it was predictable and a too-close knock-off of Die Hard. But maybe the fact it was based in China (and co-produced by China company owned Legendary Pictures), had a Chinese-made building, and non Chinese villains, has kept its American appeal down. All perfectly logical in today’s world, but American audiences may not like being reminded they are losing the geopolitical race to China. Maybe they’ll start watching Netflix instead, if they aren’t already. American box office receipts have been struggling lately.
Hey something for AI to do … sort the good stuff from the crud.
Sturgeon’s Law. “Ninety percent of everything is crud”. Derived from a quote by science fiction author Theodore Sturgeon, who once said, “Sure, 90% of science fiction is crud. That’s because 90% of everything is crud.”
More crud means more good stuff, too, probably. Both accompanied by increasing ease of entry. I sometimes look at cartoons that dominated broadcast tv in the 60’s, shows that I know took lots of people to make, that are now easily eclipsed by things lone, or nearly lone, artists do on home computers in their basements and just marvel. In the future, with even better hardware and software tools, I expect that such folks may be making what could have passed for live action features in the past. And some of them will be really good.
Funnily, we still are under the rule of the show seasons and only so many hours of content per year, regardless of the nature of the distribution medium.
This comes from the amount of work, money and people required to make good content with actors, directors, production and fx teams.
So the popular shows still are a scarce good. While the bad or mediocre stuff is like a flood, but most people simply let it pass (unless they are into it).
In a sense, we are entering a media post-scarcity society, but the good stuff is scarce, as always.