US

Actually The Entertainment Industry Had An Amazing Decade

chart

News Corp. CEO Rupert Murdoch frequently tweets about how web pirates are destroying the entertainment business by stealing its content and preventing studios from making a profit.

But a report by Floor64’s Michael Masnick, released by the Computer and Communications Industry Association, shows the opposite is true: The entertainment industry is not being killed by the world wide web.

In fact, it’s exploding: “Through a decade of economic and technological upheaval, the entertainment industry grew 50 per cent while consumers increased spending on entertainment,” claims the report.

Since 2000, the portion of household spending that went to entertainment increased from 4.9 to 5.62 per cent by 2008. Put another way, that’s a 15 per cent increase in consumer spending on publishing, movies and music, the report states.

The worldwide number of people playing video games has grown from 250 million in 2008 to 1.5 billion in 2011.

Source: Floor64

Consumer spending on video games in North America has more than doubled from $10 billion in 2005 to over $25 billion in 2011.

Source: Floor64

60 per cent of all Americans over six years old play some kind of video game.

Source: Floor64

Global music industry worth has increased by 27 per cent since 2005.

Source: Floor64

The overall sales of music exceeded 1.5 billion transactions in 2010, up from 845 million transactions in 2000.

Source: Floor64

Gracenote has indexed 100 million songs from over 400,000 different artists.

Source: Floor64

From 1999 to 2009, concert ticket sales in the US tripled from $1.5 billion to $4.6 billion.

Source: Floor64

The US book market sold 2.57 billion books in 2010, as compared to 2.47 billion in 2008.

Source: Floor64

The global book publishing market has grown to almost $110 billion in 2010 from $100 billion in 2004.

Source: Floor64

The revenue share of the overall book market going to ebooks grew from less than 0.5 per cent in 2008 to over 5 per cent in 2010.

Source: Floor64

India's Bollywood produces over 1,000 movies a year, followed by Nigeria's Nollywood with almost 1,000 movies a year and Hollywood with roughly 700 movies a year.

Source: Floor64

Global film industry has grown by almost 6% from 2005 to 2010, exceeding $82 billion in value.

Source: Floor64

US box office revenue in 2010 was $10 billion, followed by Japan's $2.5 billion and India's $2.2 billion. China has only recently surpassed $2 billion.

Source: Floor64

In 2011, YouTube has recorded over a trillion views of its online video content.

Source: Floor64

Independently financed movie production also increased.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.