China, India, South Korea and Japan will continue to post “spectacular gains” and the financial strength of these growing markets will result in an Asia that is capable of sustaining itself with regional profits alone. That’s according to findings from Entertainment Asia Network’s latest report ‘Asia Film Industry Report 2007’. The report released by the research firm focused on surveying Asian media industries also forecasts the four nation’s domestic theatrical movie market to be earning combined total revenues of over $US10.5 billion by 2020 with GDP totals reaching over $US16 billion. It also predicts that the regions will follow a steep upward trend to overtake the US industry by 2025. Providing an overview of key Asian territories and their relevant film markets through details on market size, population segmentation, production, financing, distribution, exhibition, export market, import market and home video/DVD market, the new report analyzes the current status and future prospects of the
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