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  • Writer's pictureRyan Camp

2024 Film Industry Trends



As artists or creators of any kind, it's good to have your finger on the pulse of what's new in your field of interest and to keep your eye on any new technologies or new ways of doing things. The same goes for filmmaking—this year will see some trends becoming even more entrenched in the filmmaking industry. It would be a good idea for all of us interested in the world of filmmaking to become familiar with them, if for no other reason than to know what our peers may be focused on. So today, I present you with the top 6 filmmaking trends based on industry data, search engine data, and film industry publications. If you have anything to add to this list, please leave a detailed comment below!


[Virtual Productions]

Ever wonder how they shoot those jaw-dropping environmental scenes in shows like "The Mandalorian" or new films like Matt Reeves' "The Batman"? Virtual production is the answer, and it's not just for Hollywood big shots. Indie filmmakers are embracing it too. Why? Well, it's not only creative but also cost-effective. By the way, the global virtual production market is expected to hit around $3.55 billion sometime in 2024. Imagine turning your backyard into a movie set without breaking the bank! Filmmakers are using software like Unreal Engine to help create fantasy worlds for cheap. This is technology that has long been out of reach for most no-budget filmmakers, and now it's within everyone's grasp.


[AI and Machine Learning]

You won't believe how AI and Machine Learning are changing the game. It's not about robots taking over—think of them as the unsung heroes behind the scenes. These technologies are mostly being used to help filmmakers analyze scripts and edit footage faster. AI is also heavily used in the ideation process, helping artistically challenged creators (like me) better convey their ideas with easily crafted concept art and mood pieces. I've also seen new software that automatically scans actors in a scene and replaces them with virtual characters with minimal effort from the VFX artist. Things are with AI aren't expected to slow down anytime soon. In fact, the global AI in filmmaking market is on track to exceed $190 million sometime in 2024. Efficient and budget-friendly? Count me in!


[Immersive Storytelling]

Imagine being part of the story, not just watching it. That's the magic of immersive storytelling, powered by Virtual Reality (VR) and Augmented Reality (AR). The VR/AR market is projected to hit a whopping $45.09 billion by 2027. Crazy, right? It's like the movies are reaching out and pulling you in. Talk about a movie night upgrade! As someone who loves video games and films, this is a perfect combo for me! There is also a demand for a more interactive film experience. Think of a choose-your-own-adventure book but in film form. These films are perfect because they can be marketed as both films and video games, appealing to both audiences and being sold and watched on a variety of streaming services and online video game stores.


[Rise of Short-Form Content]

Short-form films aren't just a warm-up act; they're becoming the main event. Platforms like TikTok and YouTube are where many filmmakers are getting their start. Surprisingly, over 60% of today's filmmakers kick-started their careers with short-form content. It's the DIY filmmaking revolution! Creating content in this manner is a challenging prospect for most filmmakers; you have to learn how to tell engaging stories not only vertically but in a very short amount of time. Expect to see more filmmakers embrace this style of content and push the boundaries of what is possible in 2024 and beyond.


[Sustainable Filmmaking]

Sustainable filmmaking is making big strides behind the scenes. It's not just about being eco-friendly; it's actually saving filmmakers tons of money as well. Reports say productions adopting green practices have seen a 25% decrease in overall costs. Plus, it's a win for Mother Earth. That's what I call a win-win! Studios are pushing for more waste reduction, alternative transportation methods, carbon offsetting, sustainable catering, local sourcing, and green energy use, to name a few. These are just some of the ways that film productions are becoming more eco-friendly heading into 2024.


[Diverse and Inclusive Storytelling]

Diverse stories make movies richer and more relatable. Films with diverse casts and creators aren't just culturally significant; they're also raking in the money. In 2024, they're expected to bring in 35% higher box office revenue. Looks like inclusivity is not just the right thing to do—it's also good for business! Expect to hear and see more diverse stories focused on the marginalized in our society heading into this year and going forward.


[Conclusions]

So, there you have it—2024 is shaping up to be a year of enhanced creativity, increased innovation, and a bit of movie magic. For the most part, it seems to me that it's going to become even easier for filmmakers like myself to create content that seems bigger budget, faster, and cheaper. From virtual sets to eco-friendly shoots, the film world is evolving. I can't wait to see what unfolds this year and the incredible stories that filmmakers will create!


Happy Filmmaking!

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