$5 Bil Intl. Tv Market Predicted For 1995

A new study predicts the rise of a huge international market in programming, saying it will hit $5 billion in 1995, up from $2.8 billion last year. Study also says U.S. will supply $3 billion of that ’95 total and concludes that the world tv program production pie “is growing vastly bigger.”

The study, titled “The U.S. & Intl. Programming Production Market For TV & New Video Technologies,” comprises 606 pages in two volumes and was recently released by Frost & Sullivan Intl. at a retail price of $2,450.

According to Frost & Sullivan, the international market in tv programming totaled less than $1.5 billion in 1987, but “in country after country where television has been and continues to be privatized, expanded and commercialized, the demand for programming is spurring the growth of huge new volumes of production.”

Can’t meet demand

The New York – and London-based research firm points out that despite this demand, “the native production in these expanding markets cannot fill the demand, and may never do so.”

By the Frost & Sullivan estimate, the global tv industry currently reps more than $8 billion worth of programming if homegrown programming and inhouse productions by broadcasters are included.

The U.S. is the dominant supplier in the world market, with European television dominating the demand side in terms of the need for imports, according to the study.

Frost & Sullivan estimates that while U.S. program exports will increase to $3 billion 1995 (from $. 17 billion in 1989 and $1.9 billion last year), its share of all global trade will decrease to 60% of the market (from 71% in 1989 and 69% in 1990).

Import trend

Similar trend is apparent on the import side, with Western Europe’s imports expected to reach $2.7 billion by 1995 (up from $1.6 billion in 1989 and more than $1.8 billion last year), but its share of all international trade is expected to dip to 55% in four years (from 67% two years ago and 66% in 1990 of the global total).

The study also indicates that non-U.S. programs will make rapid gains in the U.S. It figures that the U.S. imported $262 million of international programs in 1990, but that by 1995 that will have soared to $970 million.

The study details Canadian and Japanese programming markets as well as U.S. and European. Covered in less detail are Latin America, Asia, Australia, the Middle East and Africa.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Scene News from Variety