Film industry primarily consists of individual motion pictures, art films and motion picture industry. Global film industry is major revenue grosser. India is a leading player in global film industry.
US film industry
As per a July 2008 report global film industry is all set to derive a host of benefits from what is known as global audit partnerships. Since the beginning of 20th century United State’s film industry has had a significant effect on global film industry. US film industry has witnessed four major phases as mentioned below.
1. Period of silent films
2. Period of classical Hollywood cinema
3. Period of New Hollywood cinema
4. Period of contemporary cinema (post 1980s)
European film industry: some facts
Public funding for European film industry rose by 10% on an average from 1997 - 2001. From 1997 to 2000 top EU film companies recorded almost a doubling of their operating revenues and total assets. While, European film companies have recorded mixed fortunes in concerned time frame, public funding of European films has shown an upward trend. Non-European Union nations accounted for just 5% of Europe’s total funding.
Indian film industry
India is arguably world’s largest film producer. It produces around 800 films per year. This sector earns considerable foreign investment. Motion pictures made its beginning in India as far back as 1896. Most of Indian films produced are in Hindi, while Tamil, Bengali, Malayalam and Telegu are regional languages in which films are produced. Indian film industry makes use of sophisticated technologies. As per 2001 data, annual turnover of Indian film industry stood at around Rs. 60 billion.
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