Total Revenue for Motion Picture and Sound Recording Industries, Establishments Subject to Federal Income Tax
This dataset tracks total revenue for motion picture and sound recording industries, establishments subject to federal income tax over time.
Latest Value
31681.00
Year-over-Year Change
9.09%
Date Range
10/1/2003 - 1/1/2025
Summary
This economic indicator tracks total revenue for U.S. motion picture and sound recording establishments subject to federal income tax. It provides insights into the overall performance and health of these key creative industries.
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 Total Revenue for Motion Picture and Sound Recording Industries, Establishments Subject to Federal Income Tax metric reports quarterly revenue figures for businesses in NAICS sector 512, which includes movie theaters, record labels, and other media production companies that pay federal taxes. This data point is a bellwether for the economic vitality of the entertainment sector.
Methodology
The U.S. Census Bureau collects this data through quarterly surveys of business establishments.
Historical Context
Policymakers and industry analysts closely monitor this revenue trend to assess the financial state of the motion picture and music industries.
Key Facts
- The U.S. motion picture and sound recording industries generate over $100 billion in annual revenue.
- Revenue in this sector declined during the COVID-19 pandemic but has since recovered.
- The entertainment industry is a major contributor to the U.S. economy, accounting for over 2 million jobs.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total revenue earned by U.S. businesses in the motion picture and sound recording industries that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This revenue metric provides important insights into the overall financial health and performance of key creative industries within the U.S. economy.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through quarterly surveys of business establishments.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this revenue trend to assess the financial state of the motion picture and music industries and inform economic policy decisions.
Q: Are there update delays or limitations?
A: This data is released on a quarterly basis, with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Total Revenue for Motion Picture and Sound Recording Industries, Establishments Subject to Federal Income Tax (REV512TAXABL144QNSA), retrieved from FRED.