-
The VFX industry has surged due to an infusion of visual effects in almost all films and series, the expansion of the streamers, a boom in animation, and the growth of video games and immersive formats.
-
VFX is now an integral component of cinematic narrative in film, episodic, commercials and themed entertainment. VFX is increasingly accessible to all levels of complexity and budgets in storytelling.
-
Streaming platforms Disney+, Apple TV+, HBO Max, Peacock and Paramount+ launched between 2019 and 2021, joining Netflix and Amazon Prime, collectively boosting production. Because of the streamers, there is a lot more episodic content than there was five years ago.
-
The streamers have generated plenty of filmmaking work in domestic production centers across Europe and Asia, from Oslo to Seoul, which in turn has generated more VFX work around the world.
-
VFX work has continued to expand across the planet. The globalization of the VFX business has been happening for a while, but the opportunities for remote working that have been accelerated by the pandemic with artists and teams able to collaborate ever more easily and effectively across geographies
-
India has become an especially important pole of visual effects with many foreign-owned and locally-owned VFX houses working at full throttle in India.
-
VFX global market revenue will climb from $26.3 billion in 2021 to $48.9 billion in 2028, growing at a CAGR of 10.9%.
Source: VFX INDUSTRY – GROWTH, GLOBALIZATION AND CHANGE – VFX Voice MagazineVFX Voice Magazine (thanks to @spartan for the link)
Disc: Small % allocation; no transactions in last 30 days
| Subscribe To Our Free Newsletter |
