The film industry is one of the biggest sources of entertainment in the world. This industry produces thousands of films annually and takes in billions of dollars in revenue. Over the years, Hollywood is however known to be the biggest, oldest, and most profitable film industry in the world. It is responsible for producing some of the most thrilling and captivating films. Let’s have a look at why it is known to be the largest industry.
1. Hollywood is the biggest movie-making country in the world and it is true because it attracts most of the money every year. How much, you are wondering? The paranormal activities cost $16,000 grossed $193 and so makes a profit of 1,286,566% Another popular fallacy is that when a movie with a $100 million budget crosses $100 million at the box office it is considered to have recouped.
2. It has a worldwide fanbase which massively contributes to its annual revenues. The American industry is the world’s largest and oldest film industry in terms of its box office revenue. It has been producing the film for more than 120 years. In 2016, the movies were attended by two-third of the American and Canadian audience at least once.
3. Hollywood employs the use of more advanced technology involving animation, cinematography, screenwriting and many more. Often, the expenses involved in its film making has led the film production to concentrate under the auspices of standing production companies and expansion of opportunities to acquire investment capital from outside the film industry itself. These factors have made a boon to produce more films in less time.
makings are one of the greatest forms of art and Hollywood has proved
to be the most profitable and biggest film industries in the world.
It has efficiently given rise to the blockbuster,
big-budget spectacle films designed for easy watching with
explosions, impressive graphics, and exciting plots, however, many
countries just cannot compete with the heavily promoted films that