The demand for animation, VFX and video gaming has expanded with the increase in targeted broadcasting hours by cable and satellite TV, availability of low-cost internet access, penetration of mobile devices along with the growing popularity of streaming video. Given the global economic crunch, producers need to diversify their sources of funding and explore sources such as co-productions, equity financing and other forms of loans. Film-based content such as video or mobile games is on the upswing giving rise to new partnerships as well as new business and revenue models.
Moreover, about 65% of animation content on European TV channels is produced locally.Įuropean animation productions targeted at television have achieved global success, however, in the case of movies, it is the major American studios that dominate the market. There are over 300 children's channels in the EU as well as specific on-demand services for kids. The trend is in favour of local European animation productions as far as TV animation series is concerned. However, the market is dominated by American films who garner about 70% of admissions.
#CIRKUS ANIMATION STUDIO MOVIE#
About 15% of European movie admissions go into animation and one-fifth of admissions to animation films in Europe go to European productions. The boom in European animation can be attributed to the world-class animation training schools, funding schemes, government tax incentives, Europe-wide as well as global collaborations through co-productions and availability of world-class talent.Įurope produces about 40 animation films every year.
The European animation industry is growing fast and an increasing number of films produced in Europe have attracted global audiences and are distributed worldwide. 24, 2020 /PRNewswire/ - The "European Animation & VFX: Strategies, Trends & Opportunities (2020-2025)" report has been added to 's offering.
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