Question

What was responsible for the growth of the movie industry answers?

Answer 1

Answer:

Movies and radio in the 1920s also made our country more homogeneous. Immigrants assimilate into American society over time. The media of the 1920s helped to speed the assimilation for the new Americans, as well as setting us on the path to losing our regional differences.

Explanation:

The U.S. film industry has been lagging behind over the past few years. Despite the slowed growth, the market is still projected to grow. Now, many movie producers in the industry are looking into strategic alternatives to bolster sales. Marketing and advertising movies have always been a go-to strategy for companies, but some are diving further in. Businesses are looking for other advertising alternatives, such as social media, to connect with the audience more and receive feedback. According to data compiled by IBISWorld, obtained by Deadline, the American film industry is projected to grow by a CAGR of 2% to USD 47.9 Billion by 2022. The research conducted also shows that the film industry is still growing slightly faster than the overall economy and it is projected to retain more of its revenue as profits grew by 12.6% in 2017 compared to just 10.6% in 2012. Box offices are projected to grow at a slower rate, but regardless, the market will continue to be driven forward as new players in the industry expand into movie and film production.