Shifting June Trends: Current Status of Film and TV Development & Production
13% Decline in Production Volumes in June versus May 2024. However, the Sliver of Hope β IP & Development Transactions Increased in June!
Welcome to a brand-new edition of Vitrinaβs global monitor of Film and TV productions.
While June 2024 has seen a 13% decline in global Film and TV production deal-flow compared to May, there is a notable increase in IP and Development deals. This trend indicates a potential surge in future productions. Vitrina monitors Film and TV projects across all stagesβDevelopment, Production, Post-Production, and Releaseβon a real-time basis. Our focus remains on examining these projects in relation to the companies, studios, and streamers involved in driving them through intellectual property, finances, production, and services/solutions.
Before delving into the metrics for June, letβs review the Global Film and TV Production Trends for 2023 and 2024.Β View LIVE insights inside Vitrina.
Global Film & TV Production Snapshot: Last 18 Months
Key Events in 2023 and 2024:
- Sundance Film Festival
- MIPTV 2023
- Kidscreen Summit
- Hollywood Strike Begins
- Cannes Film Festival
- LA Screenings
- Annecy International Animation Film Festival (Annecy)
- Hollywood Strike Ends
- Toronto International Film Festival (TIFF)
- MIPCOM 2023
- MIPTV 2024
- Leading players like Netflix, CBC, and Amazon commissioned a significant number of deals.
As is evident from the chart above, the industry production transaction volumes have been on the decline since Q2 of 2023. The brutal and dramatic collapse has affected every company inside the supply-chain including studios, service-providers as well as streamers and other licensees.
Insights on Production Transactions β June v/s May 2024
Vitrina monitors projects globally through various stages of content development (development, production, post-production, release) on a daily basis. We track transactions and deal activities involving content financing, commissioning, CoPros, etc. between production houses, distributors, streamers, and broadcasters. This provides us with valuable insights into trends, key players, buyer behavior, and production company specializations.
Below are the key highlights for June specifically for Production Volumes:
- Global Production Trends: 13% decline in theΒ Production Deals in June v/s May 2024. TheΒ AmericasΒ andΒ EMEAΒ saw a ~20% decline whereas there was a 11% increase in APAC.
- Genre and Language Trends:Β DramaΒ continued to be the leading genre, with Comedy following closely behind. Scripted content made upΒ 73%Β of the deals.Β EnglishΒ productionsΒ representedΒ 48%Β of the deals, marking aΒ 25%Β decrease from May. In contrast,Β JapaneseΒ production deals increased significantly from May, now comprisingΒ 5%.
- Top Players and Trends:Β NetflixΒ andΒ Amazon PrimeΒ maintained their stronghold in commissioning, withΒ Warner Bros. Discovery EMEA &Β Bell MediaΒ following closely behind.
- Streaming Trends:Β Production transactions from OTT providersΒ contributed to 21% of the total deals, with Netflix and Prime Video leading the commissioning.Β This trend highlights the increasing impact of streaming platforms on shaping what content people prefer and how they consume it.
- Future Outlook:Β Despite challenges, including declines across most genres, the industry shows signs of adaptation and resilience. However, ongoing shifts in consumer preferences and market dynamics suggest the need for continuous strategic adjustments, particularly in genres like comedy, action, and adventure.
Highlights: Global Transaction Volume of Film/TV Productions
Trends January 2024 – June 2024
This graph illustrates the trends in production volumes within the entertainment industry across different regions. In May, the Americas led with the highest number of production transactions, reflecting its dominant position in the global market. In June, while the Americans continued to have the highest number of deals, both the Americas and EMEA saw a decline in production volumes.
Conversely, the APAC (Asia-Pacific) region experienced a significant percentage increase in production transactions, moving up from its previous position behind the Americas and EMEA.
Regional Share of Global Film+TV Production Volumes June:
If we look at the June numbers in terms of proportional shares of different regions, we see that Americas tops the chart with 43% of production volumes.
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June 2024 Film+TV Productions in Summary
- GlobalΒ Film+TV Production Volumes, 13%Β β¬οΈΒ fromΒ May
- TheΒ AmericasΒ emerged as theΒ leading market bloc for June, with theΒ United States of America & CanadaΒ securing the highest volume of production transactions.
- TheΒ Top Buyers/ Commissioners/ FinanciersΒ comprised a diverse mix ofΒ broadcasters, OTT Providers and production houses, led byΒ Netflix, CBC
- Among theΒ Top Studios, Sony Pictures & FremantleΒ took the lead.
Production Deals & Season Renewals:
This graph below compares overall production volumes to season renewals, highlighting how Seasonal Series significantly impact production volumes during industry slowdowns. Despite a decline in new productions in March, April and May saw an upward trend in both production projects and the number of season renewals. In June, although production deals were down, season renewals remained almost as high as in May, demonstrating the stability of ongoing series amidst fluctuations in new production volumes
- The prominent companies pushing season renewals include a mix of broadcasters, studios, and streamers such asΒ Netflix and Bell Media.
- For global season renewals,Β EnglishΒ continued to be the dominantΒ language, with Japanese & Spanish following.Β DramaΒ andΒ AnimationΒ genres were the most popular, withΒ scriptedΒ content making upΒ 79%.
Vitrina Spotlight: Production Deal of the Month!
- In an exciting development for television fans, Disney+ has signed a production deal with ITV Studios and Happy Prince to bring the beloved novel βRivalsβ to the screen. This collaboration is set to create a series adaptation of the popular book by Jilly Cooper, which is known for its captivating storytelling and vibrant characters.
About the Content
βRivalsβ is a part of Jilly Cooperβs renowned Rutshire Chronicles series, set in the competitive world of British television. The story unfolds in the picturesque Cotswolds and revolves around the power struggles, romantic entanglements, and scandals within the television industry. Central to the plot is the fierce rivalry between two television networks, which leads to a series of dramatic and often humorous events. The characters are richly developed, each bringing their own unique flair to the narrative, making it a compelling and addictive read.
![Vitrina Film/TV Production Insider [June, 2024] 6 film](https://vitrina.ai/wp-content/uploads/2024/07/unnamed-4-820x1024.png)
- The prominent companies pushing season renewals include a mix of broadcasters, studios, and streamers such asΒ Netflix and Bell Media.
- For global season renewals,Β EnglishΒ continued to be the dominantΒ language, with Japanese & Spanish following.Β DramaΒ andΒ AnimationΒ genres were the most popular, withΒ scriptedΒ content making upΒ 79%.
Why This Collaboration is Important
- Global Reach and Distribution:
Disney+, a leading streaming service with a vast global audience, brings an extensive reach to the project. This ensures that βRivalsβ will be accessible to a worldwide audience, amplifying its impact and viewership potential.
- Production Expertise:
ITV Studios is renowned for its high-quality production values and successful track record in creating popular and critically acclaimed series. Their expertise in television production will ensure that βRivalsβ is adapted with the highest standards, preserving the essence of the book while delivering a visually stunning and engaging series.
- Creative Vision:
Happy Prince, a boutique production company known for its innovative and creative approach to storytelling, will bring a fresh perspective to the adaptation. Their collaboration with ITV Studios and Disney+ promises a unique blend of creativity, quality, and entertainment.
- Strengthening Content Portfolio:
For Disney+, this deal is a strategic move to diversify and strengthen its content portfolio, particularly in the realm of adult dramas and literary adaptations. This aligns with their goal to cater to a broader audience demographic beyond family and childrenβs programming.
- Cultural Impact:
βRivalsβ is a culturally significant story that resonates with themes of ambition, rivalry, love, and betrayal, making it a timeless piece that can captivate audiences across different age groups and regions. Its adaptation is likely to spark renewed interest in Jilly Cooperβs works and the Rutshire Chronicles series.
In conclusion, the partnership between Disney+, ITV Studios, and Happy Prince for βRivalsβ is a promising venture that combines global distribution, production expertise, and creative vision. It is set to deliver a high-quality adaptation of a beloved novel, poised to become a major hit among viewers worldwide.
Interesting Snapshots from the Vitrina Business Network:
Did you know that Vitrina monitors pre-production transactions worldwide?
Besides tracking global productions, Vitrina also meticulouslyΒ monitors pre-production and development transactionsΒ on a global scale. ThroughΒ comprehensive tracking and analysis,Β Vitrina offersΒ invaluable early signalsΒ to the entertainment industry on what could be headed to the production floor. By keeping a keen eye on pre-production activity spanning across the globe, Vitrina provides insights into the initialΒ genre and theme selectionsΒ forΒ content development.Β This proactive approach not only enables industry professionals toΒ stay aheadΒ of emerging trends but also facilitates informed decision-making processes as well as collaboration conversations, ultimately contributing to more efficient and successful production outcomes.
Weβve seen a whopping 500+ projects that are in early stages of concept development.Β More than 500Β IP & DevelopmentΒ arrangements were signed in the month ofΒ JuneΒ β These include Books, Formats, Novels and a host of other IPs that are being considered to be turned into films or television content.
Vitrina provides a wealth of insightsΒ intoΒ buyer interests, catering to both content acquisition and the onboarding of service providers. Our vast network, comprising overΒ 65,000 executives within the Vitrina Business Network, offers a distinct advantage.
By analyzing the searches conducted by these companies & people, Vitrina unveils what they are actively seeking, thereby offering a comprehensive understanding ofΒ market demands and trends.Β
Moreover,Β heads of localization and VFX companies recognize the value of Vitrina as a platform to showcase and promote their services.Β Through Vitrina, these professionals gain visibility and access to potential clients, enhancing their business opportunities and reach.
As a sneak peek, here are some of the most searched items for the month of June, providing a glimpse into the current trends and interests within the industry.
- Most searched keywords for Content:Β βFood and cooking showsβ , βAnimationβ , βRealityβ,Β βReality showsβ, βAnimeβ, βdramasβ, βdocumentariesβ, βJapanese Animeβ, βTurkish dramaβ, βtv formatsβ,
- Most searched in Content Services:Β βLocalisationβ, βAnimationβ, βFilm financeβ, βFilm productionβ, βSubtitlingβ, βVFX post-productionβ,βVFX post production companiesβ, βAvid rentalβ, βOffline rentalβ, β Immersive post-productionβ, βAI dubbing and lip syncβ, βProduction servicesβ
Vitrina Tracks Companies in the Global Video Entertainment Supply-Chain in Real-Time
Vitrina tracks all projects and all companies, globally and in real-time. Our monitoring of content titles begins with pre-production and development and then tracks the projects that are financed/ greenlit enabling its production, post, localization, culminating finally in its distribution/ windowing including streaming and broadcast.
With this intel, Vitrina assists its members in identifying the right projects, partners, distributors, customers and suppliers. Additionally, Vitrina provides market intelligence to help companies expand into new markets, assisting them with trends, leaderboards and specialist vendor/ partner recommendations. Given below are glimpses of the 125,000 companies monitored by Vitrina:
Entertainment Companies Tracked by Vitrina Worldwide Last Week: 125,000+
- Streamers+Broadcasters : 7,797
-
- Most Popular on Vitrina:Β Netflix
- Highest Reputation Scores :Β Netflix,Β Nippon TVΒ
- Production Houses :Β 83,493
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- Most Popular on Vitrina:Β Paramount Pictures
- Highest Reputation Scores :Β The Walt Disney Company,Β WildBrain
- Post Houses : 6,687
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- Most Popular on Vitrina:Β Industrial Light & Magic (ILM)
- Highest Reputation Scores :Β Prime Focus Technologies,Β Company 3
- Distributors : 10,254
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- Most Popular on Vitrina:Β All3Media International
- Highest Reputation Scores :Β Β Nordisk Film,Β Blue Ant Media
- Localization : 868
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- Most Popular on Vitrina:Β Iyuno
- Highest Reputation Scores :Β Zoo Digital,Β Visual Data Media Services
Get Started Today:
Ready to unlock the full potential of your brand on marketplaces?Β Contact usΒ to discover how our data-driven strategies can elevate your brand visibility and drive meaningful results.
To feature your company, content and product announcements on Vitrina, email us atΒ updates@vitrina.ai
If you need reports on Production trends, company intel, email us atΒ sales@vitrina.ai
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The Vendor Reputation Rating on Vitrina is a comprehensive metric that incorporates various factors critical to buyers’ assessments of vendors, service providers, and suppliers. This rating is used by buyers to evaluate vendors’ qualifications and capabilities in the M&E supply chain. Vitrina’s Reputation Rating system provides buyers with valuable insights into vendors’ size, parentage, past work, quality of projects/clients, recency, specializations, strengths, and other factors that may affect the vendor’s suitability for the buyer’s project.
Yes, Vitrina can assist you in finding and shortlisting the ideal partners for your project. Our Partner-Finder team is experienced in running vendor recruitment and screening mandates that are specific to your needs. We can help you find the best vendors for your business by identifying niche and specialist companies in new markets. We stay up-to-date with the latest developments in the M&E supply chain, allowing us to continually identify and qualify the most innovative vendors. Additionally, our extensive network of storefront owners updates their latest projects, capabilities, and certifications on our platform. These sellers are highly engaged and active on our platform, allowing us to connect buyers with vendors who are best suited to meet their requirements. By working with Vitrina, you can access the latest solutions and expertise in Animation, Localization, VFX, Stages, Virtual Production, and gaming engines. Contact us today to learn more about how Vitrina can help you find the right vendors and partners for your business.
Vitrina is a private and exclusive business network designed for dealmakers in the Media and Entertainment (M&E) industry. Members are carefully screened to ensure they meet the network’s high standards for professionalism and integrity, and the platform is not open to the public or to search engines. This ensures that all information shared is kept confidential and private. Vitrina takes the privacy and confidentiality of its members very seriously and provides a secure platform for members to share valuable information and insights with a select group of vetted and verified buyers and sellers.