Changing Trends in Film Distribution
Hey there, film enthusiasts! Do you ever find yourself reminiscing about those good old days when we’d queue up at the box office for the latest blockbuster? Well, buckle up because we’re about to embark on a journey – a journey through the changing trends and landscapes of film distribution.
From Theaters to VOD – A Whirlwind Change
I still remember the first time I set foot in a grand movie theater. The smell of popcorn in the air, the hushed whispers before the lights dimmed, and the collective gasp as the curtains unfurled revealing that gigantic silver screen. It was magic!
Jump forward a few years, and we’re more likely to be seen lounging on our sofas, streaming the most recent releases on our smart TVs. According to Grand View Research, the global Video on Demand (VOD) market size was valued at USD 50.11 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 18.3% from 2021 to 2028. Isn’t that astounding?
Online Distribution – The Digital Disruption
Getting a film distributed used to be a nightmare for indie filmmakers. But guess what? The online world is a game-changer. On a personal note, a friend of mine released his indie movie on an online platform last year, and he was overjoyed at the number of views it got! Today, almost everyone can find a distribution outlet suitable for their film. It’s truly a revolutionized, democratized world of film distribution.
And this trend isn’t slowing down. Market Research Future estimates the online movie ticketing service market to grow approximately at USD 28 Billion by 2023, at 10% of CAGR between 2017 and 2023.
Concluding Thoughts – Embracing Change
While I do miss those enchanting movie theater experiences, we’ve got to acknowledge the convenience and accessibility the new distribution trends have brought us. It’s a thrilling period for filmmakers and viewers alike, a period of exploration, adaptation, and breaking boundaries!
We might be reminiscing over the old days, but the future of movie distribution is here, and it’s shining brighter than a cinema marquee. I can’t wait to see where this journey continues. What about you?