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Motion picture and sound recording industries
Industry profile, February 2020

Sections: Description | Pricing | Costs | Demand | Appendix

This page is an industry profile for the Motion picture and sound recording industries industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.

Industry Description

Industries in the Motion Picture and Sound Recording Industries subsector group establishments involved in the production and distribution of motion pictures and sound recordings. While producers and distributors of motion pictures and sound recordings issue works for sale as traditional publishers do, the processes are sufficiently different to warrant placing establishments engaged in these activities in a separate subsector. Production is typically a complex process that involves several distinct types of establishments that are engaged in activities, such as contracting with performers, creating the film or sound content, and providing technical postproduction services. Film distribution is often to exhibitors, such as theaters and broadcasters, rather than through the wholesale and retail distribution chain. When the product is in a mass-produced form, NAICS treats production and distribution as the major economic activity as it does in the Publishing Industries (except Internet) subsector, rather than as a subsidiary activity to the manufacture of such products.

This industry description was sourced from the North American Industry Classification System.

Industry Pricing

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As of January 2020, prices in this industry had increased 0 percent since the previous quarter.
From January 2019 to January 2020 prices in this industry increased 0 percent.
Prices increased 0.2 percent in the five year period starting in January 2015 and ending in January 2020.

+0%
From the previous quarter ¹

+0%
From the previous year ¹

+0.2%
From five years ago ¹

Industry Costs

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As of January 2020, costs in this industry had decreased 0.1 percent since the previous quarter.
From January 2019 to January 2020 costs in this industry decreased 0.6 percent.
Costs increased 8.8 percent in the five year period starting in January 2015 and ending in January 2020.

-0.1%
From the previous quarter ³

-0.6%
From the previous year ³

+8.8%
From five years ago ³

For details on which industries are included in each sector, click here

The largest cost for this industry is purchases made to the Labor sector. This sector accounts for 35.6% of the industry's overall costs.
From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Real Estate and Rental and Leasing sector. Costs associated with this sector increased 5.9%.

**Major Industry Costs by Sector**
Sector Name	Percentage of Costs	Annual Percent Change ⁴
Labor	35.6%	-5.2%
Information	21.4%	+1.5%
Professional, Scientific, and Technical Services	11.2%	+2.4%
Real Estate and Rental and Leasing	8.8%	+5.9%
Arts, Entertainment, and Recreation	8.3%	-1.3%

Industry Demand

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As of July 2019, demand for this industry had increased 4.9 percent since the previous quarter.
From July 2018 to January 2020 costs in this industry increased 12.8 percent.
Costs increased 26 percent in the five year period starting in July 2014 and ending in July 2019.

+4.9%
From the previous quarter ⁴

+12.8%
From the previous year ⁴

+26%
From five years ago ⁴