{ "docId": "019f6b8e-fc94-729b-9b34-21707192e826", "docSlug": "jarvis-bcg-the-media-and-entertainment-industry-in-nyc-trends-and-recommendations-for-t", "documentTitle": "BCG The media and entertainment industry in NYC Trends and recommendations for the future", "authorId": "bcg-the-media-and-entertainment-industry-in-nyc-trends-and-recommendations-for-t", "authorName": null, "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": null, "aspectRatio": null, "pageNumber": 3, "pageCount": 49, "prevPage": 2, "nextPage": 4, "slideType": "executive_summary", "function": "summarize", "density": "dense", "nDataPoints": 10, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019f6b8e-fc94-729b-9b34-21707192e826/3", "deckHref": "/decks/019f6b8e-fc94-729b-9b34-21707192e826", "deckJsonHref": "/decks/019f6b8e-fc94-729b-9b34-21707192e826.json", "deckAnchorHref": "/decks/019f6b8e-fc94-729b-9b34-21707192e826#slide-3", "components": [ { "bbox": { "h": 0.15, "w": 0.91, "x": 0.048, "y": 0.208 }, "kind": "list", "text": "Continued growth of filmed entertainment industry in NYC driven by strong expansion in scripted television. NYC has benefited from this trend, with FTE employment growth of 3.1% per year 2011-14, from 94K to 104K FTEs, and production spending growth of 6.4% per year, reaching $8.7 billion in '14. Total number of New Yorkers employed in filmed entertainment has held stable at ~130K, with crews increasingly able to work year-round on productions, building sustainable and predictable careers.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "21c6b2ef-8989-4e5c-a97c-19b32fbc6058", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.91, "x": 0.048, "y": 0.69 }, "kind": "list", "text": "Movie production in NYC much more variable, as a result of dollars being concentrated in 'tentpole' films. Fewer but larger major studio movies produced each year in the US, causing variability in NYC movie production. Decision to locate a production in NYC driven by a broad range of factors including: Script, cost, preference of key talent, availability of stage, and potential complexities associated with filming desired action sequences and stunts. Increasing fluidity between TV and movie production jobs helps buffer the workforce from this variability.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7c85145f-21aa-4046-b597-8400c2bbc529", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.91, "x": 0.048, "y": 0.385 }, "kind": "list", "text": "TV is a standout success story, with 14.8% annualized FTE growth and 17.0% annualized spending increase. Widespread adoption of new TV viewing platforms has intensified competition for TV audiences. More networks now commissioning original TV content, including pre-existing cable networks (Bravo, Starz, AMC) as well as new online players (Netflix, Hulu, Amazon). New series typically 8-12 episodes (vs. traditional 20+ for broadcast), with increasing turnover of shows – proactive approach to attracting new pilots and shows will be important to maintain a strong pipeline of projects. 2011-2014 saw a decline in head office FTEs for cable and broadcast of 3.7% and 0.8% respectively, as support functions are consolidated and moved out of NYC, and companies re-orient toward digital / data-centric talent. In addition to production FTEs/spend, live TV filming estimated to generate ~$45M in tourism spend each year.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a66ae825-e4c2-4680-942c-67ae6b242c81", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.91, "x": 0.048, "y": 0.89 }, "kind": "paragraph", "text": "1. A \"tentpole\" production is a movie or television show that supports the financial performance of a movie studio or television network 2. e.g., looking at the top 100 grossing movies each year '11-'14 vs. '01-'04, we see a 16% decline in the total number of movies released by the major studios and their subsidiaries, with a 33% decline in movies with budgets <100m", "attrs": null, "subkind": "disclaimer", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "23c4e101-a3e1-4974-803e-c6743575a25c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.055, "w": 0.385, "x": 0.048, "y": 0.118 }, "kind": "title", "text": "Executive summary (I)", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "73df2e3c-ad28-4be6-b8a7-1a1f3fb9f7c1", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Executive summary", "slug": "executive-summary", "agent": null, "layer": "slide", "matchId": "82a601e1-0cc0-41fb-8508-23118248eef4", "evidence": "TV is a standout success story, with 14.8% annualized FTE growth and 17.0% annualized spending increase.", "confidence": 0.9 }, { "name": "List presentation", "slug": "list-presentation", "agent": null, "layer": "slide", "matchId": "a723c3bf-3fcf-42af-8209-7ea4f718ee2e", "evidence": "list/bullet: TV is a standout success story, with 14.8% annualized FTE growth and 17.0% annualized spending increase.", "confidence": 0.7 } ], "frameworks": [], "arcBeats": [ { "to": 5, "from": 1, "beatId": "1c85339d-0dff-4599-8c94-925ee8316a2a", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "Current State", "beatSlug": "sparkline-what-is-1", "evidence": "The document starts with an overview of the industry, defining boundaries and providing an executive summary.", "position": 0, "confidence": 0.8, "parentBeatName": "Setup", "parentBeatSlug": "setup" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }