1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gizmo_the_mogwai [7]
3 years ago
12

How does the film industry help the local, state, national, and international economy?

Social Studies
1 answer:
AleksandrR [38]3 years ago
7 0

Answer:

On Sunday, March 4th, the Academy of Motion Picture Arts and Sciences will host the 90th Academy Awards ceremony.

In addition to the event’s glamour and celebrity, the Academy Award season is an opportune time to consider something else about the film/video industry—its value to the U.S. economy, and to a few states in particular.

According to the latest figures from the Arts and Cultural Production Satellite Account (ACPSA), which is produced jointly by the U.S. Bureau of Economic Analysis and the National Endowment for the Arts, the film and video industry contributed $100 billion to U.S. GDP in 2015, and it employed 390,000 workers. Although the U.S. consistently runs trade deficits, movies/TV shows generate trade surpluses—$11.9 billion in 2015. The full figures for all ACPSA industries will be released this Tuesday, March 6th.

The 2015 figures also reveal a number of interesting facts about the film and video industry (i.e., business establishments that produce and distribute movies and TV shows; movie theaters, cinemas, and film festivals; and companies that provide post-production services such as film restoration):

1) The industry is huge. Film/video production is the third-largest of all ACPSA industries—in 2015, it accounted for 13 percent of all value added by U.S. arts and culture to GDP, ranking just behind arts-related broadcasting and government-produced arts and cultural commodities. The film industry places fourth in ACPSA employment, following arts-related broadcasting, government arts/culture, and the arts retail trade industry.

2) Film/video production is concentrated in California and New York, but also in Louisiana—the only state that approaches the other two by this measure.

The March 2018 release of the ACPSA is the first to include “value-added” figures by industry for each state and the District of Columbia. In California, the film and video industry contributed $49.1 billion to the state’s economy in 2015; in New York, it contributed $28.2 billion.

Value added to Louisiana by the state’s film/video industry was $2.7 billion. At first glance, the figure appears relatively small. As a share of the state’s overall economy, however, it is twice the national average.

Only California and New York show film and video production occupying a larger share of gross state product: in each state, the industry’s value-added is 3.5 times greater than the national index.

3) Six states have witnessed double-digit growth in film and video production. Between 2012 and 2015, value added (unadjusted for inflation) by the film and video industry grew by more than 11 percent in six states: South Carolina (20.1 percent); Connecticut (16.2 percent); Georgia (15.3 percent); Mississippi (13.6 percent); Rhode Island (12.7 percent); and Louisiana (11.7 percent).

4) The U.S. regularly generates a trade surplus in movies and TV shows. This trade surplus, which reached $11.9 billion in 2015, has doubled since 1998. Leading importers of U.S. movies and TV shows are the U.K, Germany, and Canada. In 2015, those three countries, combined, imported nearly $6.9 billion, or 39 percent of all U.S. movie/TV show exports.

Chart showing growth in US movies and TV shows between 1998 and 2015

5) Growth of the web-streaming industry is far outpacing that of the film/video industry. Between 2012 and 2015, average annual growth in real value added by the traditional film/video industry was just 0.2 percent, well below the 2.6 percent growth rate in real value added by all ACPSA industries.

A clue to this slow growth may lie in “other information services,” an industry that consists mainly of web-streaming, web-publishing, and similar services.

Over the three-year period, real value added by other information services grew by an average annual rate of 21 percent—the strongest growth rate, by far, of all ACPSA industries. The popularity of web-streaming services for TV and movies (both in the production and consumption of content) may be eroding the industry’s contribution to GDP.

The traditional broadcasting industry, like film companies, also produces movies and TV shows. In 2015, the film and video industry produced $79.5 billion in gross output of movies and TV programs. The broadcasting industry produced $429 million.

Of the ACPSA’s 35 industries, broadcasting (inclusive of TV and cable networks) generates the greatest value-added. In 2015, broadcasters (excluding sports broadcasts), added $127.8 billion to the U.S. economy. Between 2012 and 2015, average annual growth in arts-related value added by the industry was 2.6 percent, a rate on par with that of total arts and cultural value-added.

Im not 100% sure if this will help but hope it does!

You might be interested in
In north africa, overgrazing has contributed to which environmental challenge?.
aev [14]

Answer:  Desertification and soil erosion.

5 0
2 years ago
What is the importance of the United States?<br> I have to write one paragraph.
mart [117]

Let us consider briefly the country of Viet-Nam and the importance to us of the security and progress of that country. It is located, as you know, in the southeastern corner of Asia, exactly halfway round the world from Gettysburg College.

Viet-Nam is a country divided into two parts, like Korea and Germany. The southern half, with its 12 million people, is free but poor. It is an underdeveloped country; its economy is weak, average individual income being less than $200 a year. The northern half has been turned over to communism. A line of demarcation running along the 17th parallel separates the two. To the north of this line stand several Communist divisions. These facts pose to south Viet-Nam two great tasks: self-defense and economic growth.

-----------------------------------------------------------------------------------------------------

This should be the main part of your essay

7 0
3 years ago
Read 2 more answers
Most people in Europe identify themselves as being part of what religion?
CaHeK987 [17]
Most are Christians: either Roman Catholic or Protestant.
5 0
4 years ago
Victoria is in the third grade and knows that she needs to have a quiet place to study, that she can solve math problems better
ki77a [65]

Answer: MINDFULNESS

Explanation: Victoria is using her critical thinking skills to execute mindfulness.

Mindfulness in Psychology can be defined as aying attention on purpose, in the present moment, and non-judgementally which can develop through the practice of meditation, and other training.

It is an act of focusing one's attention at the present moment and accepting it without judgement.

3 0
3 years ago
In Amsterdam, a 21-year-old prostitute is scantily clothed, exhibiting her attributes in a storefront, smiling at potential patr
dmitriy555 [2]

Answer:

A). This is an example of social interaction.

Explanation:

Mental images are associated with the visual experience that allows an individual to associate with the idea, image, scene, or event that is being described.  

As per the given mental image, option A displays that 'social interaction is taking place' as reflected by the actions of the prostitute('exhibiting her attributes in a storefront', 'smiling at the potential patrons' to communicate with them). With the given description, one can conclude that the prostitutes are attempting to communicate or collaborate socially. Therefore, <u>option A</u> is the correct answer.

6 0
3 years ago
Other questions:
  • Peter, the ceo of a multinational company, has a deep understanding of other people's needs and behaviors. he easily relates to
    8·1 answer
  • What did john cabot claim for england after exporing the new world?
    12·1 answer
  • Miranda notices that her cat salivates as soon as her cat hears the sound of the electric can opener. in this example, the sound
    12·1 answer
  • ASAP PLEASE HELP:)!!!
    7·2 answers
  • My family is taking a trip to the Grand Canyon this summer.
    5·2 answers
  • Which is the BEST description of the difference between the Unionist and Secessionist viewpoints regarding secession
    5·2 answers
  • How much power do you need to give up to a central government so that it can work?
    12·1 answer
  • Your company has been assigned the 172.16.0.0/16 network for use at one of its sites. You need to use a subnet mask that will ac
    8·1 answer
  • *<br> Everest Base Camp was in pristine condition when Peak first saw it.
    5·1 answer
  • As you ascend a mountain the air gets...<br> heavier<br> thinner
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!