We will experience major changes and disruptions in the film industry in 2016. Below is a list of trends and factors affecting filmmakers, photographers, producers, and people in the industry at large.
Hollywood studios have announced a drop in film production for 2016 over the past two years. With more than 650 films produced and released in theaters in 2015, content saturation contributed to a series of box office failures where people had many options. Quality issues have also degraded the box office revenue of some studios. Despite a 7. 4% increase in box office participation in 2015 compared to 2014, overall, the box office continues to fall while storage averages also drop and the public still has many options.
- Next year.
- China is expected to surpass the U.
- S.
- Box office to become the world’s largest market for filmmakers.
- Meaning more co-productions with China and films incorporating international stories.
- Likely to mean more outsourcing jobs from U.
- S.
- Production to China in the coming year.
- Few years.
VR is getting a lot of attention like 3D did when it was launched. Virtual reality in cinema and 360o vision ?? are two of the factors that are sure to cause sensation in 2016, but it will be several years before this trend strengthens. Google is already providing users with a virtual reality experience in some apps, while Samsung VIRTUAL Reality Headsets established a benchmark late last year, providing users with an immersion with their existing Galaxy phone line.
With more mobile users on the move, mobile cinema and photography formats will become increasingly important in 2016, due to video-on-demand (VOD) subscribers who want to watch movies on their mobile phones. For traditional cameras, it will become more important in the filmmaker’s toolbox, especially with the upcoming iPhone 7, which is rumored to include a 4k HD camera. Mobile cinema is about to explode and expects manufacturers to launch more mobile phones with digital cameras and better apps to help filmmakers produce content on the go.
In recent years, apps like Periscope and Meerkat have changed the game from live streaming, taking it indoors for the first time on mobile devices. Facebook and Youtube by the end of 2015 have increased their live offering to existing users to further accelerate this trend. Live is trying to change the way people communicate through video, which will have a big impact on investments in live advertising spending. In short, billions of dollars will deliver live content in the coming years, such as platforms offering live video and filmmakers. you will need to incorporate this trend into the commercialization of your films.
Another trend is that the expansion of specialized online film and entertainment courses will create new market disruptions for traditional universities that will need to diversify their course offerings based on online students.
Amazon and Netflix are increasing production to improve their subscriber offerings in 2016, taking on a role similar to traditional cable television, leading to an industry-wide shift to producing VOD content ranging from feature films to documentaries. With Netflix, Amazon, HBO and other companies moving forward to gain a larger market share, cinema will definitely move to VOD territory, to the detriment of major film studios, distributors and theater producers.
Since 2013, cable subscriptions have declined and 2016 is expected to be an exceptionally bad year for cable television with large subscriber losses. VoD has made cable subscriptions costly, especially in times of crisis. Since there are not a lot of content options, cable companies will have to lower prices to avoid losing subscribers, which will inevitably mean less product content and more layoffs compared to traditional cable programming.