Film, television and video post-production operating revenue up marginally in 2021 compared with 2019
The film, television and video post-production industry generated $2.0 billion in operating revenue in 2021, a 0.5% increase from 2019. Businesses in the industry were impacted by the COVID-19 pandemic, with disruptions mostly beginning in the latter part of 2020. This continued into the early months of 2021 until more projects began to arrive as productions delayed by the pandemic wrapped up filming.
Operating expenses totalled $1.9 billion in 2021, a decline of 1.3% compared with 2019. Salaries, wages and benefits decreased by 2.1% from 2019 to $1.0 billion in 2021 as subcontracts, in contrast, rose 20.0% to $135.7 million over the same period. The operating profit margin improved from 6.9% in 2019 to 8.6% in 2021.
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