In 2023, the Motion Picture, Video, and TV Programme Production Sector in the US recorded 640.0 million hours of employee work. Forecasts for the upcoming years indicate a slight increase to 642.0 million hours in 2024, followed by a stabilization around 641.0 million hours from 2025 to 2028. The year-on-year variations project minimal changes, indicating a marginal growth in 2024 and stability thereafter. The compound annual growth rate over the next five years is expected to be negligible, reflecting consistent workforce patterns.
Future trends to watch for include:
- Potential impacts of technological advancements and automation on employment needs.
- Shifts in content consumption that may affect production demands and working hours.
- Evolving industry practices due to economic, regulatory, or competitive changes.