Japan is one of the developed economies, contributing significantly to the Asia-Pacific entertainment industry. With the travel restrictions withing the country many entertainment venues and entertainment industry companies in Japan have been temporarily shut down their operations. In Japan, the economic uncertainty has been increased due to the COVID-19 pandemic. The entertainment industry plays an important role in the economy. The COVID-19 outbreak has severely hit the industry of Japan and has led to a decrease in revenue generation in 2020. Amid the COVID-19 pandemic, almost all the entertainment venues have been closed for an indefinite time, including various amusement parks, theatrical and film productions, sports, live events, and trade shows. For instance, the biggest 2020 Olympic Games, Tokyo Olympics, and Paralympics are postponed till 2021 by International Olympic Committee and Japan, which was scheduled to host the games this year in Tokyo.
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Moreover, the major Japan-based entertainment companies such as JEB Co., Ltd., Legoland Japan Ltd., MRG Enterprise Inc., Universal Studios Japan, Sony Corp., and Toho Co., Ltd. are facing the significant impact of COVID-19 outbreak that further affect the entertainment industry in the country. Sony Corp. expects that the outbreak of COVID-19 could have material impact on its financial results. The company reported a drop in fiscal third quarter on stumbling video game, networking and film businesses. At the outset of 2020, it was pretty much unclear for the company to predict the impact of the virus that led to the nationwide lockdown after then. This brought the company’s image sensor division at risk along with other division including Pictures as well. The company reported a profit of $2.1 billion over October-December 2019, down from $3.9 billion a year earlier. Sony raised its profit forecast for the year through March 2020 to $5.4 billion, up from an earlier projection of $5 billion profit.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Japan Entertainment Market – Segmentation
By Type
- Online Video streaming
- Amusement Parks
- Theatrical and Film Production
- Sports
- Live Events and Trade Shows
Company Profiles
- Fuji-Q Highland
- JEB Co., Ltd.
- Legoland Japan Ltd.
- MRG Enterprise Inc.
- peak1
- Sony Corp.
- The Shochiku Co., Ltd.
- Toho Co., Ltd.
- Tokyo DisneySea
- Universal Studios Japan
The Report Covers
- Comprehensive research methodology of Japan entertainment Industry.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting Japan entertainment Industry.
- Insights about market determinants which are stimulating Japan entertainment Industry.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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