The home and theater entertainment industry reached US$99 billion in 2021

Global subscriptions to streaming services, including Disney Plus, hit 1.3 billion in 2021.

Sarah Tew/CNET

Streaming services have boosted the home and theater entertainment industry while it recovers Pandemic Shutdowns, which hit a record $99.7 billion for 2021, according to a Motion Picture Association (MPA) report released Tuesday. The figure excludes pay TV but includes home/mobile entertainment such as streaming services and disc releases, as well as theatrical releases.

The global total increased by 24% compared to 2020 when many theaters and productions were closed due to COVID. But even $99.7 billion beats the 2019 total. There was 14% growth in the home/mobile entertainment market and 81% growth in the cinema market.

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Including pay-TV, the total was $328 billion, matching the record set in 2019, Axios reported earlier on Tuesday.

Home and mobile entertainment accounted for $78.5 billion in 2021 alone, up 14 percent from 2020, thanks to the streaming boom. Subscriptions to streaming services around the world reached 1.3 billion, surpassing satellite TV revenue.

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