The box office market in the movies and entertainment industry is poised to grow by $21.25 billion during 2021-2025, according to Technavio’s latest market research report. Providing an up-to-date analysis regarding the current market scenario, the latest trends and drivers and the overall market environment, the Technavio report estimates that the box office market will progress at a compound annual growth rate (CAGR) of 21.78%.
The increase in number of movie screens, the surging success of movies due to the increasing use of animation, and growing international collaboration in filmmaking will offer immense growth opportunities. In addition, the surging construction of green data centers, the growing use of free cooling techniques, and infrastructure innovations are some of the most prominent trends anticipated to influence the market’s growth positively during the next few years.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amblin Partners, AMC Networks Inc., AT&T Inc., Comcast Corp., Lantern Entertainment, Sony Corp., MGM Resorts International, Lions Gate Entertainment Corp., ViacomCBS Inc., and Walt Disney Co. are some of the major market participants. To help businesses improve their market position and leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, Technavio’s research reports on the box office market are designed to provide entry support, customer profile and mergers & acquisitions as well as go-to-market strategy support.
Greenwich Entertainment acquires select North American distribution rights to James Carville documentary
Greenwich Entertainment has acquired select North American distribution rights to Carville: Winning Is Everything, Stupid directed by Matt Tyrnauer (Where’s My Roy Cohn?, Valentino: The Last Emperor). The documentary premiered to rave reviews at the Telluride Film Festival and CNN Films will broadcast Carville on Saturday, October 5 on CNN. Greenwich, which previously released Tyrnauer’s Scotty and the Secret History of Hollywood, will release Carville in theaters across the country starting in New York on October 11, and in Los Angeles on October 25, among other cities.
Carville: Winning Is Everything, Stupid, about famed Democratic political consultant James Carville, chronicles an 18-month period in which Carville spearheaded efforts to persuade President Joe Biden not to run for re-election in 2024. Carville, famously known for coining the phrase “It’s the economy, stupid” during Bill Clinton’s 1992 campaign, is portrayed not only in his political element, but also in his personal life--spending time at his New Orleans home with his wife, Republican strategist Mary Matalin, and traveling across the nation. The documentary features interviews with prominent political figures such as Bill Clinton, Al Hunt, Donna Brazile, George Stephanopoulos, Paul Begala, Mandy Grunwald, Rev. Al Sharpton, Mitch Landrieu, and Sidney Blumenthal.
“I’m thrilled to be working with Greenwich again and bringing my film to theaters in the weeks leading up to the election. James Carville played a big role in influencing the unprecedented campaign of 2024, and the film captures his bold insurgency to persuade President Biden to step aside,” said Tyrnauer.
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