![]() Researchers from StrategyR show that the global box office industry was estimated to be worth $28.5 billion in 2022 and is expected to grow by a compounded annual growth rate (CAGR) of 15.9% by the end of 2030 when it is expected to be worth $92.6 billion. Compare this to the 78.9 billion views that online television shows brought in in 2016 and the difference that the pandemic made becomes clear. Surprisingly (or perhaps not), online television shows accounted for 92% of the total views. Courtesy of the virus, the online media industry maintained its boom from 2016, and went on to grow from 88.6 billion views in 2016 to a whopping 265.9 billion by the end of 2020. In 2020, two of the top three movies were family films, as Frozen II and Jumanji: The Next Level took the top two spots. Within this segment, a whopping 82% was accounted for by the Digital segment, with Physical and Theatrical accounting for a mere 11% and 7%, respectively. Zooming in on America, the country continued to be the largest geographical sector in the market, as its share was worth $32.2 billion. However, this figure marked an internal shakeup within the industry, as while the Theatrical segment was nearly slaughtered to $12 billion, the Digital segment boomed to $61.8 billion. However, the very next year, the worst of the coronavirus would dawn on the sector, as it would go on to drop by 18% to $80.8 billion. In its final year of growth, the three sectors of the market, namely Physical, Digital, and Theatrical, had stood at $8.8 billion, $47.2 billion, and $42.3 billion, respectively. The sector had stood at $77.8 billion in 2016, grew to $83.7 billion the next year, and then went on to further grow to $92 billion in 2018 and $98.3 billion in 2019. According to a report from The Motion Pictures Association (MPA), the Global Theatrical and Home Entertainment market was comfortably growing from 2016 to 2019. Theaters and cinemas all over the world were shut down due to fears of the virus spreading. ![]() Another sector that was devastated was the film industry. Sectors such as tourism, hospitality, and cruising all were sapped out of economic activity, since lockdowns and stay at home orders prevented people from engaging in the usual leisure activities. The coronavirus pandemic dealt a devastating blow to a wide variety of industries. ![]() For more thriller movies, head on over to 10 Best Thriller Movies on Netflix. The trio of movies were added to Netflix because of a new deal between Disney and Netflix.In this piece, we will take a look at the 35 best thriller movies on Netflix. Here are our favorite movies of 2016 now streaming on Netflix:Ĭaptain America: Civil War, Zooptopia, and The Jungle Book are easily the highest grossing and most popular films on the list. Some of those great movies are now streaming on Netflix! There have not been any huge winners for the “best movie of the year” award, but there have been some really good movies this year. Overall, I’d say 2016 was a decent year for movies. ![]() We listed the best of the best movies of 2016 that are now streaming on Netflix to help you find a great movie to watch on Netflix before the end of the year! By Bryce Olin 6 years ago The 10 Best Movies of 2016 now streaming on Netflix including Captain America: Civil War, Zootopia, The Jungle Book, Sing Street, and more!
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