PwC Predicts Hong Kong Film Revenue to Reach $173M by 2030 Despite Industry Restructuring
AM730 · 2 SOURCESabout 3 hours ago2 MIN
Summary
PricewaterhouseCoopers (PwC) released its Global Entertainment and Media Outlook 2026-2030: Hong Kong Summary on Thursday, projecting steady growth for Hong Kong's entertainment sector despite ongoing industry restructuring. The report forecasts the overall entertainment and media market will expand from US$13 billion last year to US$15 billion by 2030, with a compound annual growth rate (CAGR) of 3.7%, outpacing the global average of 3.4%. Film box office revenue is expected to grow from US$145 million in 2015 to US$173 million by 2030. Industry executives attributed the positive outlook to government support measures and expressed confidence in the future of quality local productions.
Key Points
- Hong Kong's entertainment and media industry revenue will grow from HK$13 billion (2025) to HK$15 billion (2030), with 3.7% CAGR
- Film box office is projected to increase from US$145 million (2015) to US$173 million (2030), representing 3.7% CAGR growth
- Last year, cinema admissions reached 18.8 million, average ticket price dropped to HK$7.70, with screen numbers falling to 271
- Film Development Bureau enhanced support through Film Production Financing Scheme 2.0; local productions Night King and The Legend of the Condor Heroes ranked in top 20 box office
- Local OTT streaming revenue forecast to grow from US$345 million (2025) to US$479 million (2030)
Why It Matters
The projected growth comes amid broader structural changes in Hong Kong's entertainment landscape, including the rise of AI-generated content and competition from cross-border consumption. The Film Development Bureau's financing scheme and government initiatives to attract international performers position Hong Kong to maintain its role as a cultural hub while adapting to new distribution models and audience expectations .
The projected growth comes amid broader structural changes in Hong Kong's entertainment landscape, including the rise of AI-generated content and competition from cross-border consumption. The Film Development Bureau's financing scheme and government initiatives to attract international performers position Hong Kong to maintain its role as a cultural hub while adapting to new distribution models and audience expectations .