Anime is a gold mine

Popularity for the Japanese style of animation better known as anime has been quickly growing for the past few years, particularly in the United States, China and South Korea.

A report by US-based consultants Grand View Research valued the anime market at 20.5 billion dollars and predicted it to grow around nine percent a year until 2025.

Netflix said more than 100 million households globally watched at least one anime title on its platform between October 2019 and September 2020, an increase of more than 50 percent.

The popular streaming site has since signed multiple deals with anime producers to create content.

Japanese company Sony is also becoming a key backer of anime content and its annual profits were given a major boost from the success of its hit anime film “Demon Slayer.”

Last year, the movie became the fastest film in Japanese cinema history to make 10 billion yen, taking just 10 days to reach the milestone.

Source: https://www.bbc.com/news/business-56261671

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