Since 2013, the Motion Picture, Video, and TV Programme Production industry in Canada has experienced overall growth, increasing from $9.2 billion CAD to $15.36 billion CAD in 2023. The year-on-year variation generally trended positively with notable increases around 2016 and 2017, reaching a peak in 2020 with a significant negative impact caused by the pandemic-related disruptions. Recovery has been strong post-2020, with a 10.16% increase in 2022 and 7.38% in 2023. The five-year CAGR leading up to 2023 is 2.49%.
Looking forward from 2024 to 2028, the industry is projected to continue its growth trajectory with an estimated CAGR of 2.11%, culminating in a total output of $17.53 billion CAD by 2028—representing a 10.98% growth over this period.
Future trends to watch for include technological advancements in production techniques, the increasing importance of digital distribution channels, and evolving consumer preferences towards streaming services. These factors are likely to drive both opportunities and challenges within the industry, shaping its path over the coming years.
