Revenue From Electronic Sources for Motion Picture and Sound Recording Industries, All Establishments, Employer Firms
This dataset tracks revenue from electronic sources for motion picture and sound recording industries, all establishments, employer firms over time.
Latest Value
13701.00
Year-over-Year Change
60.41%
Date Range
1/1/2017 - 1/1/2022
Summary
This trend measures revenue from electronic sources for the motion picture and sound recording industries, providing insights into the shift towards digital platforms in these sectors.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Revenue From Electronic Sources for Motion Picture and Sound Recording Industries, All Establishments, Employer Firms' metric tracks the income generated by electronic channels for businesses in the film and music industries. This data is used to analyze the evolving business models and consumer preferences in these creative sectors.
Methodology
The data is collected by the U.S. Census Bureau through surveys of establishments in the motion picture and sound recording industries.
Historical Context
This trend is valuable for policymakers, industry analysts, and investors monitoring the digital transformation of the entertainment industry.
Key Facts
- Electronic revenue accounts for over 50% of total industry revenue.
- The trend has shown steady growth over the past decade.
- The COVID-19 pandemic accelerated the shift towards digital distribution channels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue generated from electronic sources by businesses in the motion picture and sound recording industries, such as streaming, digital downloads, and online sales.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the digital transformation of the entertainment industry, allowing users to track the shifting business models and consumer preferences towards electronic platforms.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of establishments in the motion picture and sound recording industries.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this data to monitor the digital economy's impact on the entertainment sector, informing policy decisions and strategic planning.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in capturing revenue from certain electronic channels or smaller establishments.
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Citation
U.S. Federal Reserve, Revenue From Electronic Sources for Motion Picture and Sound Recording Industries, All Establishments, Employer Firms (MPASRIRFESA9512), retrieved from FRED.