Entertainment Industry Trends of 2020
Filmio Team
When the United States went on lockdown, artists, studios and creators had to get creative to proactively lessen the extent of their financial losses in the foreseeable future. All productions were halted, wiping out revenue entirely for some. But audiences, bored at home, wanted more content to help stave off the zombie-like state induced by […]
With the pandemic requiring many around the world to isolate, consumers are taking advantage of VR technology more than ever. They’re using it for school and work and are spending time in chat rooms that give users some semblance of a social environment. Despite the sudden demand, however, there is a dearth of titles. Graphics […]
The Filmio platform relies on blockchain to support all of its features. For everything from the sharing of intellectual property and negotiation of contracts to the exchange of cryptocurrency and tokens, Filmio’s blockchain platform is an all-inclusive system facilitating secure, transparent, peer-to-peer transactions between fans, creators and investors. Filmio, however, is not the only platform […]
What would entertainment be without its fans? Aside from audiences providing the financial support necessary to keep productions and artists afloat through ticket sales, subscriptions and merchandise purchases, fans provide the feedback necessary for artists to continually improve their craft. Without fans, creators would simply be working to amuse themselves and subsisting off of nuts […]
In the entertainment industry, nothing gets done without a significant investment. Even a low budget independent film can cost as much as $500 thousand, and the average studio-produced movie costs $65 million or more. Cast and crew need to be paid, and filming requires permits, equipment and equipment technicians, which all takes place before post-production […]
The coronavirus shutdowns have affected every global industry in ways that are unique to each, with some facing bigger adjustments than others. Those employed in Hollywood and elsewhere within the entertainment industry, however, have had to deal with a level of uncertainty that may be unmatched anywhere else. A majority of workers are hired by […]
Recent events have profoundly reminded us of the instability of traditional global financial markets. The pandemic rocked the stock market, essentially initiating a freefall-then-rally playbook for a week or two, before beginning to restabilize. This is not the first time financial markets have taken an enormous hit as a result of national or global events. […]
The need for social distancing has left the majority of the world at home, bored and frustrated. For some, the stay at home orders have meant time to binge every show on the bucket list, rewatch some old favorites and try to find something new that is satisfying to watch. For others, this has meant […]
The entertainment industry has seen its share of growing pains and challenges over the years, yet it always returns to thrive. 2020 may see the most all-encompassing difficulties the industry has ever experienced, but these difficulties also provide an opportunity to address three of the industry’s biggest stumbling blocks as we move into a new […]
International films traditionally have a difficult time breaking into box office success in the United States. They often are marketed to those who speak the film’s language or toward affluent English-speaking arthouse audiences. Movies like Crouching Tiger Hidden Dragon and Slumdog Millionaire enjoyed their moments of acclaim, with attention from the Academy Awards boosting their […]