Contrary to the fears of digitization viewed as the harbinger of doom to the film industry, the global film industry is intact and continues to churn out thousands of films annually. The report stated UNESCO’s finding of increase in feature film production from around 5,600 films in 2005 to 7,200 in 2009 and recorded a total of 31,519 feature films produced globally between 2005 and 2009.[1] Regionally, the US produced around 700 films both in 2005 and 2009, Germany produced…

This post consists of two parts. Both parts examine the impact of digitization on the entertainment industry. The first part analyzes the growth patterns of the music industry (international as well as domestic). The second part analyzes the growth trends of the international and domestic, film and television industry. The conclusion seeks to show that inspite of digitization the entertainment industry is doing well in terms of output, revenues and creativity. Across the globe policy makers are coming to terms…