The pandemic and growing digital demand unfavourable to film and video distributors in 2021
The film and video distribution industry continues to change, as movies and television shows shift away from traditional forms and towards digital means. Amidst the COVID-19 pandemic, demand for digital streaming services and platforms accelerated, as industry operators pivoted away from traditional channels such as movie theatres and film festivals, since they were unable to operate for most of 2021. As a result, a reduced need for distribution services, paired with operational changes in the industry, led to a decline of 24.9% in operating revenue from 2019, falling to $1.4 billion to 2021.
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