“Global box office to jump 33% to $37.7 billion by 2013: Pricewaterhouse Coopers”

On the heels of the previous post and at the risk of gagging on too much good news, check out this report:

In an annual survey that will be released Tuesday, the accounting giant projects that worldwide consumer spending in filmed entertainment — a category that includes how much consumers spend at the box office, on home video rentals and purchases and on movie downloads — will increase at a compound annual rate of 4% to $102 billion worldwide in 2013 from $83.9 billion in 2008.

Moreover:

Additionally, the authors predict that the much-publicized falloff in DVD sales — which studios have relied on for years to prop up the movie business — will be offset by a boost from the sale of Blu-ray high-definition videos. Still, home video’s share of entertainment spending is shrinking in North America and is projected to fall to 53% by 2013 from 61% in 2008. During the same period, the combined share for video-on-demand, online subscription rentals and digital downloads will double to 20%, a clear sign of long-term shifts in how consumers buy entertainment.

Why should screenwriters care? Because when the studios are making more money, they make more movies. And when they make more movies, they hire more screenwriters.

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