Action!: Government funding and SVOD platform popularity will keep the revenue picture moving
Demand for TV programs is typically more stable than film content. Industry revenue has risen over the past five years, thanks to production activity on big-budget international films and other projects supporting revenue. Overall, industry revenue is expected to rise at an annualised 3.2% over the five years through 2022-23, to reach $1.6 billion. This result includes an anticipated upsurge of 6.9% in 2022-23, partly due to continued economic recovery from the COVID-19 pandemic. The pandemic had a mixed effect on the industry. Initially, production schedules were disrupted, which was jarring for revenue. However, due to New Zealand's effective management of the COVID-19 virus, film productions were allowed to continue. This attracted many international companies to the country to operate without many restrictions inhibiting production, partially offsetting the initial effects of the outbreak.
Industry companies produce motion pictures, videos, TV shows and commercials. A range of media is used to record and store these productions, including analogue and digital visual media such as film or video (including DVD and Blu-ray).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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