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Asia Film Industry Report
Entertainment Asia Network, Sep 2007
The purpose of this report is to analyze the current status and future prospects of the film/movie industry in all of the major Asian territories that include the following:
China
Hong Kong
India
Japan
Korea
Singapore
Taiwan
Thailand
Vietnam
This report seeks to present an overview of the Asia territories’ film market by providing detailed information on each of their market size, population segmentation, production, financing, distribution, exhibition, export market, import market and home video/DVD market.
Why is this report needed? With the explosive growth of Asia’s economy, consumer spending on entertainment products and services in the Asia regions has risen to unprecedented heights. From the popularity of Asian movies, TV shows, online games, music and digital contents, what was once considered a niche market is now being looked upon with great envy. Western entertainment and media companies had little to fear just a few years ago, when Hollywood was easily able to dominate Asian markets and inject Western influence through pop culture. This is no longer the case. Locals now have better access to its own entertainment consumers in Asia, the fastest growing market in the world.
Much of our views are based on economic and geographic factors that have significantly contributed to the region’s rapid development such as population totals, purchasing power and domestic consumer spending growth, rising ticket prices, increasing number of multiplex theaters and screens, increase in domestic film production, emergence of home video infrastructure, rise in quality and quantity in local creative talent, and cultural changes.
This report ultimately seeks to deliver a clear and overall view and assessment of Asia’s entertainment and media industry, but the entertainment sectors in Asia differ drastically in terms of the structure, organization and definition from region to region. For purposes of accuracy, simplicity and clarity of understanding the broad picture, this report focuses on just the film industry, the one entertainment sector that exhibits the least regional variance across the area. Through our objective analysis and research, this report seeks to demonstrate the potentially enormous force that Asia, particularly the countries of China, India, South Korea and Japan, will become in the global marketplace over the next 40 to 50 years.
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