Fim making is one of the greatest forms of arts and the film industries are one of the most profitable industries in the world. While watching a good film most of us only praises the actors and the directors, but the film industry is much more than that. There are crews and stuff of thousands of people, who works really hard to make, what we call a, hit film. And helps the film industry making billions of dollars in revenue. The global box office is worth an estimated $41.7 billion as of 2018. And if we include the box office and home entertainment revenue then the global film industry is worth about a $136 billion. And if you wanna know which top ten film industries contribute the most in that revenue, here’s the list of ten richest movie industries in the world.
This one is no surprise. We all know Hollywood is the biggest film industry in the world. It has a worldwide fanbase which massively contributes to its annual revenue. The American film industry is the world’s oldest and largest film industry in terms of box office revenue. Hollywood has been producing films for more than 120 years. In 2016, the Cinema of The United States generated an estimated $11.4 billion and in 2017 it earned a revenue of $10.99. In 2016 the movies were attended by two-thirds of the American and Canadian audience at least once. The major production houses in the US film industry includes the Paramount, Warner Bros., Disney, and Fox.
2. CINEMA OF CHINA
The year 1930 is considered as the golden era of Chinese cinema. The film industry shrunk after the Japanese invasion of China. In 1945, after the end of the war, the Chinese film industry started to rise again. The 2016 film The Mermaid was the first Chinese film to CN¥3 billion and the 2017 film Wolf Warrior 2 is currently the highest-grossing film of the Chinese film industry. Currently, China has the largest movie production complex and film studios in the world like the Oriental Movie Metropolis and Hengdian World Studios. As for 2016, China had a gross box office revenue of CN¥45.71 billion and became the country with the largest number of screens. In 2017 it generated a revenue of CN¥55.9billion.
3. CINEMA OF UNITED KINGDOM
The film industry of the United Kingdom has been the subject of debate at times as it relates to Hollywood in particular. The film industry has been around over a century. The 1940s is considered as the golden age for the British film industry. The UK film industry grossed around $2 billion worldwide in 2009 and also gained a market share of around 7% worldwide and 17% in the country. In 2012, the British film industry box-office took a total of £1.1 billion. The UK film industry hosts the famous BAFTA awards, considered to be one of the most prestigious awards. The highest grossing film industry in Europe generated about $6.65 billion in 2016. The government also gives tax reliefs to movie makers. In 2017 the industry spent some $2.04 billion just to produce films.
4. CINEMA OF INDIA
When we say the Indian film industry most of us only think about Bollywood. But the Indian film industry is much more than Bollywood. Because of the cultural and language diversity of the country, there are more than 25 different languages of film industries in the multi-lingual industry. Where Bollywood represents only the Hindi language industry. The Indian film industry is the largest movie industry in terms of the number of movies produced and viewed. In the year of 2011, the industry sold more than 3.5 billion tickets across the country which was 900,000 more than Hollywood. Colloquially known as Indywood, the industry has a global fanbase reaching more than 90 countries. The Indian film industry is some 103 years old. In 2017 it earned a gross box office of $2.4 billion. Bollywood represents 43% of box office revenue and is the largest sector. The South Indian film industry consists of five film cultures and among them, the Tamil, Telugu industries represent 36% of revenues. Another popular industry is the Bengali cinema which is associated with more of parallel cinema.
5. CINEMA OF JAPAN
The film industry of Japan has been making films since 1897. The industry has been around for about 100 years and regarded as one of the oldest and largest film industries. The industry is also known as Nihon eiga. The industry was the 4th largest industry by the number of feature film used to be produced. Japan produced some 411 feature films which earned 54.9% of the box office and generated a total amount of US$2.338 billion in 2011. But the industry’s growth kind of stopped from 2012 because of the high cost in film production. In 2016 the film industry earned an estimated $2 billion. The film industry of Japan has won the Oscars four times in the category of Best Foreign Language film which is more than any other Asian country.
6. CINEMA OF FRANCE
French films are known for their creative way of storytelling. France is the birthplace of cinema and is a major contributor to the art of film making. The film industry of France gets protections afforded by the country’s government and is considered as one of the strongest film industry. The capital of France, Paris also has the highest density of cinemas by the number of movie theatres per inhabitant, in the world. It is the most successful movie industry in terms of the number of films produced per annum in Europe. It is also among the few industries where non-American productions have the biggest share. The industry is also considered as the most self-sufficient as it manages to recover around 80–90% of costs from revenues generated in the domestic market alone. France is also the 2nd largest exporter of films. In 2016, the industry generated around $1.6 billion from films.
7. CINEMA OF SOUTH KOREA
The film industry of South Korea has been around since 1945. Most of the previous films of the industry has been about the countries struggles with war and other issues of the society like government censorship, business sector, globalization. The South Korean industry saw its first golden age in the mid-20th century. The country holds the record of having the highest attending film territory in terms of per capita basis. The industry has been growing significantly, from having around 500 single screen cinemas and the tickets sale was around 50 million in 1998 to more than 2,400 multiplex cinemas and 217 million ticket sales in 2016. In 2016, it generated $1.5 billion in revenue.
8. CINEMA OF GERMANY
The roots of the German film industry can be traced back to the late 19th century. The German film industry has witnessed many ups and downs throughout its history. During the 20th and 21st century the industry started to experience major changes to its identity which later contributed to its growing success. In 2017, the industry collected a gross box office of €1.06 billion. German cinema had a major impact on the global film industry through its technical and artistic contributions in the early film, broadcasting and television technology. The German film studio Babelsberg is the oldest large-scale film studio in the world and has been around since 1912.
9. CINEMA OF AUSTRALIA
The Australian film industry started producing films from the year 1906. The Australian film industry has made a lot of movies throughout the years and many of them earned international recognition. But the film industries unstable nature gave it the name Boom and dust. The English speaking industry has been struggling to compete with the American film industry. Still, it is the 9th richest film industry in the world. In 2016, the movie industry generated around $0.6 billion.
10. CINEMA OF MEXICO
The production of Mexican cinema started from the ending of the 19th century and the beginning of the 20th. Mexico has been dominating the Latin American film industry since its golden age. Mexico has been making innovative films over the years that earns a lot of praises from the international media. Mexican movies have won the highest honour at the Cannes Film Festival twice. In Latin America and North America, Mexico City is the fourth largest film and television production centre. Mexican film industry earned around $0.8 billion in revenue and sold 30.5 million tickets.