The gross income of motion picture, video, and TV program production in Canada is forecasted to see steady growth, with values expected to increase from CAD 306 million in 2024 to CAD 336 million in 2028. Comparing the years 2024 and 2028, there is a clear growth trend as the industry expands by approximately 9.8% over five years, translating to a compound annual growth rate (CAGR) of around 2.36%. The most recent data indicates a year-on-year increase of approximately 2.5% to 2.6% from 2026 through 2028. In 2023, the industry's gross income stood at USD 298 million.
Future trends to watch for include:
- Technological developments in production and distribution, potentially influencing growth rates.
- Streaming services' role in driving demand for new and diverse content.
- Canada's international collaborations, potentially boosting its industry stature.
- Policy changes affecting tax incentives could impact investment levels.
