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TV and Movie Merchandise Market to Grow by USD 103.5 Billion (2024-2028), Driven by E-Commerce Platform Growth, AI Redefining Market Landscape – Technavio

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NEW YORK, Nov. 25, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global TV and Movie merchandise market  size is estimated to grow by USD 103.5 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  9.45%  during the forecast period. Growth of e-commerce platforms is driving market growth, with a trend towards entertainment companies capitalizing on merchandise sales. However, uncertain economic conditions  poses a challenge.Key market players include 41 Entertainment LLC, Aardman Animations Ltd., Amazon.com Inc., AT and T, Banijay Group, Charter Communications Inc., Comcast Corp., Grindstore Ltd., Hasbro Inc., iMPACTFUL Group Inc., LEGO System AS, Mattel Inc., Netflix Inc., Paramount Global, RTL Group SA, Sony Group Corp., Striker Entertainment LLC, The Walt Disney Co., WildBrain Ltd., and World Wrestling Entertainment Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Offline retail and Online retail), Product (Apparel, Toys, Accessories, Video games, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

41 Entertainment LLC, Aardman Animations Ltd., Amazon.com Inc., AT and T, Banijay Group, Charter Communications Inc., Comcast Corp., Grindstore Ltd., Hasbro Inc., iMPACTFUL Group Inc., LEGO System AS, Mattel Inc., Netflix Inc., Paramount Global, RTL Group SA, Sony Group Corp., Striker Entertainment LLC, The Walt Disney Co., WildBrain Ltd., and World Wrestling Entertainment Inc.

Key Market Trends Fueling Growth

The TV and movie merchandise market is booming, with trends including toys, apparel, collectibles, comic books, action figures, artwork, home décor, accessories, video games, and more. Both kids and adults are driving demand for these products, fueled by streaming services, social media, and ecommerce. Nostalgia-driven merchandise is a significant trend, with collectibles leading the way. However, challenges such as counterfeiting, high marketing costs, and oversaturation persist. Costumes, movie scripts, and licensed sellers are also part of the mix. Consumers prefer online shopping for convenience, but offline retailers still hold appeal for fan interaction and celebrity endorsement. Purchasing habits vary, with community engagement and viral sensations influencing sales. Product quality, health, and environmental concerns are also important factors. E-commerce expansion continues, with fast delivery options and smart home products gaining popularity. 

Entertainment companies have shifted their focus from relying solely on ticket sales to generating revenue through merchandise. With declining DVD sales and a stagnant global box office, studios like Disney’s Marvel Cinematic Universe are turning to merchandise as an alternative revenue stream. Consumer products now significantly impact moviemaking decisions, leading to sequels and franchises. Notably, some films have earned more revenue from merchandise sales than box office collections. This trend underscores the importance of merchandise in the entertainment industry. 

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Market Challenges

•         The TV and movie merchandise market is a thriving industry, catering to the demands of kids and adults alike. Toys, apparel, collectibles, comic books, action figures, artwork, home décor, accessories, video games, and more, all generate significant revenue. However, challenges abound. Counterfeiting is a major concern, leading to high marketing costs to ensure authenticity. Nostalgia-driven merchandise continues to be popular, but oversaturation and storage constraints can limit growth. Purchasing habits vary between online shopping websites and offline retailers, with fan interaction and celebrity endorsement driving sales. E-commerce expansion is crucial, but product quality, health, and environmental concerns must be addressed. Smart home products, wearables, and fast delivery options are key trends. Collectors seek authenticity, while cultural phenomena and viral sensations create sudden demand. Overall, the market requires careful management to navigate these challenges and capitalize on opportunities.

•         The economic instability in various countries could negatively impact the TV and movie merchandise market. Vendors, advertisers, affiliates, suppliers, retailers, insurers, and theater operators may experience reduced sales due to weak or uncertain economic conditions in key markets like China, India, and Brazil. Volatility in the global economy, caused by governmental actions in countries such as Russia and Venezuela, further complicates the situation. These economic uncertainties could potentially hinder the growth and profitability of businesses in this sector.

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Segment Overview 

This tv and movie merchandise market report extensively covers market segmentation by

Application 1.1 Offline retail1.2 Online retailProduct 2.1 Apparel2.2 Toys2.3 Accessories2.4 Video games2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Offline retail-  The offline retail sector continues to be a significant player in the global TV and movie merchandise market. Consumers preferring a tactile shopping experience account for a substantial portion of sales. Offline retail formats such as specialty stores, hypermarkets, supermarkets, convenience stores, clubhouse stores, and department stores dominate merchandise sales. The benefits of offline retail include immediate product customization and inspection. Despite the revenue decline due to online shopping trends, retailers are expanding their physical stores in local and regional markets to boost customer participation. Additionally, the rise of personalized gift outlets in shopping malls and hypermarkets is fueling sales of photo products and merchandise. The supply chain network enhancements enable offline retail to act as a catalyst for market growth.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The TV and movie merchandise market is a vibrant and expansive industry, encompassing a wide range of products that cater to fans of all ages. From toys and action figures to apparel, collectibles, comic books, and artwork, there’s something for every fan. Home décor and accessories are also popular choices, allowing fans to bring the magic of their favorite shows and movies into their homes. Kids can enjoy dressed up in costumes or playing with video games, while licensed sellers offer official merchandise on both online shopping websites and offline retailers. The market is constantly expanding with e-commerce growth, ensuring fans have easy access to their desired products. Product quality, health, and environmental protection are increasingly important considerations, with some companies offering plant-based products and eco-friendly packaging. Movie/show scripts are also available for fans who want to delve deeper into their favorite stories.

Market Research Overview

The TV and movie merchandise market is a dynamic and expansive industry encompassing various product categories such as Toys, Apparel, Collectibles, Comic books, Action figures, Artwork, Home décor, Accessories, Video games, and more. Catering to both Kids and Adults, this marketplace thrives on the popularity of streaming services, social media, and ecommerce platforms. Nostalgia-driven merchandise continues to be in high demand, fueled by the collectibles market and fans’ desire for authenticity. Counterfeiting poses a challenge, while marketing costs remain high. Costumes, movie/show scripts, and licensed sellers are integral components, with online shopping websites and offline retailers catering to diverse purchasing habits. Fan interaction, celebrity endorsement, and community engagement drive sales, but oversaturation, storage constraints, and preservation requirements are challenges. Authenticity skepticism, viral sensations, and cultural phenomena influence buying trends, with collectors embracing e-commerce expansion and prioritizing product quality, health, and environmental protection. Smart home products, wearables, and fast delivery options further enhance the shopping experience.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationOffline RetailOnline RetailProductApparelToysAccessoriesVideo GamesOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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QuickStart Acquires Career Development Solutions to Accelerate Growth in Government and Enterprise Businesses

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QuickStart has acquired Career Development Solutions (CDS) to expand its IT training capabilities for government and enterprise clients. This partnership leverages CDS’s expertise in workforce development and QuickStart’s AI-powered learning platform to address critical IT skills gaps and support career advancement for individuals and employers.

AUSTIN, Texas, Dec. 12, 2024 /PRNewswire-PRWeb/ — QuickStart, a leader in online IT workforce development, is pleased to announce the acquisition of Career Development Solutions (CDS), a leading provider of IT training to government and enterprise clients.

CDS is a recognized leader in career readiness and workforce training, with extensive expertise in career transition support, employer partnerships, and government funding programs. The acquisition accelerates QuickStart’s already rapidly growing B2G business by adding significant relationships and business in Arizona, California, Nevada, and Utah. Additionally, the CDS team adds depth of B2B experience in helping employers upskill and reskill IT teams across a range of subject areas.

“This acquisition represents an incredible opportunity to combine the strengths of QuickStart and Career Development Solutions, enhancing our ability to deliver impactful training programs that ensure learners are prepared for today’s fast-evolving IT workforce,” said Bryan Kenna, CEO of QuickStart. “Together, we will rapidly expand the solutions we provide to individuals and government and enterprise partners.”

The acquisition enhances QuickStart’s dedication to providing training that addresses individual and employer needs. Leveraging a proprietary AI-powered learning platform, QuickStart develops highly targeted, skills-based career pathways and training plans to close critical digital skills gaps and provide exceptional outcomes for learners and employers.

Ryan Landry, President and Managing Director at Career Development Solutions, stated, “The acquisition of Career Development Solutions into the QuickStart family makes us, overnight, a tech-enabled workforce development ecosystem. We now handle everything from talent development to talent acquisition, providing solutions that truly lower customer costs. It’s an exciting time to be a business leader working with our tools and systems.”

For more information about QuickStart, visit https://www.quickstart.com/

To learn more about Career Development Solutions, visit www.careerdevelopmentsolutions.com

About QuickStart

QuickStart offers IT training for emerging and established professionals in the field. For over 35 years, QuickStart has partnered with IT experts and hiring managers to develop industry-aligned certificate courses and bootcamp training programs. Through online learning tailored to the latest developments in AWS (Amazon Web Services), Cisco, CompTIA, Microsoft Azure, and more, QuickStart empowers entry-level and experienced IT professionals with leading-edge skills for the workforce.

To best prepare students for professional success, QuickStart offers personalized learning plans and career support services, including resume building, coaching, and job search assistance. Students emerge ready to add value to their organizations, improve their earning power, and achieve their professional goals. Follow QuickStart on LinkedIn, Facebook, Instagram, and X.

About Career Development Solutions

Career Development Solutions offers career training programs to better your life. We give students new opportunities through globally recognized career training programs. We provide industry-leading certifications, training preparation, focused career paths, award-winning teachers, and the support you deserve.

Our career development programs match job training with industry-recognized stackable certifications built into our training programs. We create and deliver training programs that focus on in-demand sectors, including Information Technology and Manufacturing, along with closing the Technology Gap that is hindering individuals across our county from gaining employment. For more information, please visit the Career Development Solutions website or follow us on Facebook, LinkedIn, Instagram, and YouTube.

Media Contact

Imelda Wistey, QuickStart Learning, 1 (855) 800-8240, quickstart@quickstart.com, https://www.quickstart.com

View original content:https://www.prweb.com/releases/quickstart-acquires-career-development-solutions-to-accelerate-growth-in-government-and-enterprise-businesses-302329970.html

SOURCE QuickStart Learning

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ImageSource, Inc. Reinvigorates Executive Team

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ImageSource, Inc. Promotes Phong Hoang to Chief Product Officer

OLYMPIA, Wash., Dec. 12, 2024 /PRNewswire/ — ImageSource, Inc., the manufacturer of ILINX, the world’s most flexible process-improvement platform, is proud to announce the promotion of Phong Hoang to Chief Product Officer. Previously serving as Vice President of Software Development, Phong has been instrumental in shaping ILINX software into a premier enterprise process-improvement platform.

Since joining ImageSource in 2006, Phong has led the evolution of the platform through the ILINX software development lifecycle—including design, development, and testing—fostering a culture of innovation and technical excellence. Under his leadership, the ILINX platform has grown from its initial concept of point solution to fill third-party software gaps to a robust suite of software modules that drive efficiency and transformation for customers across industries.

“Phong’s vision and leadership have been pivotal to the evolution of ILINX as a flexible, scalable solution for modern business challenges,” said Terry Sutherland, CEO of ImageSource. “His ability to inspire and direct development teams has been key to our platform’s success and global adoption.”

Phong brings a wealth of technical expertise to his role, holding a Bachelor of Science in Computer Science from California State University, Long Beach. His background includes proficiency in C#/.NET, Java, C++, Web Service, and Windows Installer, as well as valuable industry experience at Kofax, Microsoft, and Pierce County before joining ImageSource.

As Chief Product Officer, Phong will continue to guide the future of the ILINX platform, ensuring its capabilities align with emerging market needs and deliver transformative outcomes for ImageSource customer-partners.

About ImageSource
ImageSource, Inc. makes process innovation easy with advanced solutions built on ILINX®, the world’s most flexible process-improvement platform, delivered by a team of experts committed to customer-partner success. Leveraging proven technology and deep implementation expertise, ImageSource empowers leading enterprises and government organizations to reduce risk, modernize operations, unlock revenue, and transform the customer experience. For more information, visit www.imagesourceinc.com, or call (360) 943-9273.

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SOURCE ImageSource, Inc.

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VANTIS VASCULAR CLOSES $10M IN SERIES B-1 PREFERRED FINANCING

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Funds will be used to initiate US commercialization of its CrossFAST™ Integrated Microcatheter Advanced Delivery System

SAN JOSE, Calif., Dec. 12, 2024 /PRNewswire/ — Vantis Vascular, Inc., a pioneering medical technology company founded by physicians with a passion to revolutionize vascular interventions, today announced the successful closing of $10 million Series B-1 preferred financing, following a raise of $30 million to date from high-net-worth individuals and National Institute of Health grants.

The CrossFAST Advanced Delivery System is commercially available in the US as part of a limited market release.

“We are proud to have the ongoing support of a strong group of investors who share our vision of transforming how complex interventional procedures are performed,” said Jason Turner, Chief Executive Officer at Vantis Vascular. “This funding is a critical milestone for Vantis and will allow us to continue our ongoing product development efforts, expand our team and initiate US commercialization of the CrossFAST Advanced Delivery System for complex high-risk PCI procedures.”

The CrossFAST System is the first and only dual monorail microcatheter advanced delivery system purpose-built for complex coronary and peripheral interventions. Unlike guide extension catheters, which have limited ability to reach targeted areas in high-risk PCIs and demonstrated risk of vessel trauma and damage to previously placed stents, the CrossFAST Advanced Delivery System incorporates an integrated microcatheter with a seamless transition to lower the risk of these adverse events during catheter delivery. The CrossFAST System is powered by DuoPRO™ Interlocking Technology, a novel mechanism coupling the microcatheter to the outer delivery catheter, allowing the system to be advanced as one unit for enhanced pushability and efficient navigation, a significant limitation of guide extension catheters, especially in complex high-risk procedures.

“With the completion of this financing, we plan to initiate the limited market release of the CrossFAST System in the United States,” commented Gary McCord, Chief Commercial Officer at Vantis Vascular. “We are confident that CrossFAST can safely navigate calcified and tortuous anatomy with ease, empowering physicians to deliver life-saving therapies to patients more effectively than ever before.”

The CrossFAST Integrated Microcatheter Advanced Delivery System is commercially available in the United States as part of a limited market release. Full market release is planned in 2025.

About Vantis Vascular:

Vantis Vascular, Inc. is a medical technology company dedicated to revolutionizing vascular interventions. Founded by physicians, Vantis develops performance-driven technologies that aim to provide faster, safer and more effective treatments. With a focus on innovation and patient-centric solutions, Vantis is committed to advancing the field of interventional cardiology and improving patient outcomes worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vantis-vascular-closes-10m-in-series-b-1-preferred-financing-302330527.html

SOURCE Vantis Vascular, Inc.

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