US Entertainment Market Size, Industry Trends, Share and Forecast 2019-2025

Posted October 29, 2020 by mansi3210

US Entertainment Market Size, Share & Trends Analysis Report by Type , Impact of COVID-19 on US Entertainment Industry, and Forecast 2019-2025

The US entertainment industry is expected to see a CAGR of 9.8% during the period (2019-2025). Improving business investment combined with strong consumer spending aided GDP growth. Before the outbreak of the COVID-19 pandemic, the US entertainment industry was growing considerably owing to the growing consumer base and growing disposable income in the country. The US confirmed its first case of the coronavirus on January 21, 2020. After that the government-imposed lockdown across the country to contain the infection. The US is among the highly affected economy due to the outbreak of COVID-19. Similar to other industries, the entertainment industry is also negatively affected by the COVID-19 pandemic. Amusement parks are closed, and sports, live events, and trade shows are canceled and postponed due to the COVID-19 pandemic. This will impact the US economy growth as the entertainment industry plays a large role in the US economy.

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US entertainment industry is segmented into online video streaming, amusement parks, theatrical & film productions, sports, and live events and trade shows. Based on the segmentation, the live events and trade shows industry is expected to get highly affected due to the outbreak of a pandemic. The major factor for the downfall of the live events and trade shows industry includes stern government restrictions for the travel and tourism coupled with the practice of social distancing, regarding the rapidly spreading COVID-19 across the globe. It is expected that the restrictions on large gatherings will be in place for some more time, which will result in lower attendance at events. Moreover, the amusement & theme parks is another industry vertical significantly affected by the COVID-19 pandemic. Theme parks across the globe have been closed to prevent COVID-19 pandemic.

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Verticals Affected Most

• Online Video streaming
• Amusement Parks
• Theatrical and Film Production
• Sports
• Live Events and Trade Shows

Company Profiles

• Amazon Web Services, Inc.
• AMC Entertainment Holdings, Inc.
• Apple Inc.
• AT&T Inc.
• Cinemark Holdings, Inc.
• Google LLC
• Microsoft Corp.
• Netflix Inc.
• The Walt Disney Co.
• Viacom CBS Inc.

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Last Updated October 29, 2020