The global entertainment business continues to go strong in 2024, with everything from the film industry to the gaming market posting increasingly better numbers. The entertainment sector as a whole has taken a hit over the past few years, but things are bouncing back. In fact, many sectors are doing better than they did in 2019, demonstrating the resilience and determination of entertainment professionals to get back on track.
The desire for entertainment has never been greater. This is especially true thanks to new technologies that are making music, movies, games, and many other aspects much more accessible. All of these factors combine to make 2024 a very good year for the entertainment business. But don’t just take our word for it. Read on for a comprehensive, statistics-based analysis of how it compares to other years and what to expect in the future.
How was the entertainment industry compared to previous years?
Getting a solid idea of ​​how the entertainment business will perform in 2024 compared to previous years is impossible without conducting targeted research. We’ve been hard at work exploring this year’s revenue compared to previous years and looking forward to the future. Find out more details below.
movie
The film sector was hit hard by social distancing rules and regulations in the early 2020s, but has rebounded in recent years with consistent box office hits.
The statistics show box office receipts of $38.99 billion in 2024, compared to $34.27 billion the previous year. However, 2024 still did not significantly surpass 2019, which recorded $39.56 billion. This is a very narrow gap, and most forecasters expect 2025 to set a new record.
Casino and Gambling Industry
One of the best-performing entertainment niches over the past decade has been the online casino and gambling market, with sports betting and online slots being particularly relevant. The sector has shown solid growth over the past decade, with sales expected to reach $138 billion in 2024, up from $131.42 billion in 2023.
And this is just the tip of the iceberg. The gambling industry is set to skyrocket as software developers continue to develop a variety of new games and mechanisms. Playing online casino options is full of notable positives in everything from mobile compatibility to next-level fair games that attract players.
gaming industry
The video game industry is another top-performing sector, generating $475.05 billion in 2024, up from $428.32 billion the previous year. The difference compared to 2019’s $285.19 billion is a profound example of the incredible performance of the video game sector over the past decade.
Video game revenues are expected to reach $691.31 billion in 2039, demonstrating the strength of the modern video game market.
music industry
The music industry has long been a mainstay of global entertainment, with digital music revenues alone growing 8.1% over the past decade to $31.2 billion by 2024.
Add in the revenue generated from live concerts, festivals, commercial sponsorship deals and various other revenue channels, and there is no denying the healthy state of the music industry in 2024.
Landmark 2024 Entertainment Moments
We’re all very familiar with the statistics surrounding the entertainment business in 2024, but it can be difficult to see real success stories based on numbers alone. Regarding this topic, let’s analyze the most important entertainment moments of the past year.
evil movie adaptation
The Wicked movie is an upcoming blockbuster that created massive anticipation in early 2024 when it was first scheduled to be released, and its November release has solidified everyone’s expectations. Ariana Grande’s acting turn is a particularly interesting development, and fans will be happy to see her in the sequel, scheduled for next year.
Charli XCX’s Brat Summer
Charli With sold-out global tours, performances ranging from Glastonbury to SNL, and countless celebrity endorsements, the British singer has reached new levels of fame.
gladiator 2
When Ridley Scott announced that there would be a Gladiator sequel, many die-hard fans of Russell Crowe’s ancient Roman epic couldn’t believe their luck. Paul Mescal, Pedro Pascal, and Denzel Washington all brought the critically acclaimed film to life and maintained the excitement and action-packed action of the legendary original.
