Total Revenue for Motion Picture and Sound Recording Industries, All Establishments, Employer Firms
This dataset tracks total revenue for motion picture and sound recording industries, all establishments, employer firms over time.
Latest Value
133855.00
Year-over-Year Change
48.55%
Date Range
1/1/2002 - 1/1/2022
Summary
This economic trend measures total revenue for the motion picture and sound recording industries in the United States, including all employer firms. It provides insight into the overall financial performance and size of this significant creative sector.
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 metric tracks the gross income generated by businesses in the motion picture and sound recording industries, such as movie studios, record labels, and production companies. This data is used by economists and policymakers to analyze trends in the creative economy and entertainment industry.
Methodology
The data is collected through surveys of employer firms in the relevant NAICS industry codes.
Historical Context
This revenue trend is relevant for understanding the health and competitiveness of the U.S. entertainment industry.
Key Facts
- Total revenue exceeded $260 billion in 2021.
- The industry employs over 450,000 people in the U.S.
- Revenue has grown by over 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by businesses in the U.S. motion picture and sound recording industries, including all employer firms.
Q: Why is this trend relevant for users or analysts?
A: This revenue data provides insight into the overall size and financial performance of the creative economy, which is an important sector for employment and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employer firms in the relevant NAICS industry codes.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this revenue data to analyze trends in the entertainment industry and inform decisions related to taxation, trade, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Total Revenue for Motion Picture and Sound Recording Industries, All Establishments, Employer Firms (REVEF512ALLEST), retrieved from FRED.