Digital distribution has revolutionized the music industry in such a way that mass downloads are still transforming it. The film industry is experiencing its own uncharted waters as it adjusts to the digital revolution in music.
Although there were some hiccups along the way, digital distribution was a huge success in the music business. However, the digital revolution is now shifting to the film sector with the arrival of Netflix, video-on-demand, and digital streaming.
“There’s never been a better time to be in the movie industry,”Peter Hoffman, Chief Executive Officer of Seven Arts Pictures. “Large studios are relying on big-budget pictures like 3D titles, but that opens up space for independent studios to work on small-budget films and capitalize on digital distribution.”
Seven Arts recognized the potential of digital distribution and produced a digital release for its most recent comedy. “The Pool Boys.”The theatrical release was followed by a digital release via online-demand. Seven Arts recognized the benefits of home-video delivery and electronic delivery.
The annual Global Entertainment and Media Outlook report estimates that North America will earn $12.2 billion in box-office revenue and $27.9 million in home-video profits in 2011, according to the Global Entertainment and Media Outlook Report.
The importance of home-video is increasing as Blu-ray disks become more popular, ticket prices rise and electronic movie distribution transforms distribution. According to the Entertainment and Media Outlook, electronic delivery will grow at 13.8 percent annually.
“We’re seeing significant market opportunity due to the cutback by major studios on producing small-budget films and the proliferation of digital distribution alternatives,”Hoffman.
Digital distribution rendered CDs virtually obsolete. Yet, a new world of music was created with iTunes, Pandora, and Spotify. The film industry will see many changes thanks to the digital revolution. Go to for more information about the movie industry’s changing landscape. www.7artspictures.com.
