April 14, 2023

How profitable is the media production industry?

How profitable is the media production industry?
How profitable is the media production industry?
 
That's a heavy question. Namely because the media production industry as a whole is primarily an artform, not a consistently producing machine. Industry, here, is more a process. So then how profitable is the process? Well, now we're back to the attitude of consumption in a given arena or through a particular medium.
 
Think of it like this: out of the possible 168 hours in a week, if a person anywhere in a developed nation with consistent access to information through any media source (let's say print, digital, or social) consumed content just 10% of the total time = that's about 2 hours total per day. Assuming each person valued their time to evenly be worth the current US minimum wage average of $7.25 per hour = $15 per day/$105 per week/$5,460 per year x even 5 Million people worldwide = $27.3 Billion dollars per year!!!
 
Got any ideas that could be produced for cheaper than that? That's how profitable your media production company could be.
Building A Media Production Company
Josh

Josh "Porter" Porthouse

Host/Executive Producer - Transacting Value I Founder/Chief Strategist - SDYT Media

I spent decades lost, confused and overwhelmed trying to figure out how to integrate into society and within my sphere of influence. I grew up in a split household.

I got bullied and learned material that I’ve since forgotten, or learned more about people than academics. I joined the Marine Corps, and became a divorced, long-distanced father. Even when I was physically present, I spent more time staring at walls and listening to my own demons more than growing with my son.

I’m learning increased physical distance does not have to decrease capable influence. I’m learning who I am among some of the most knuckle-dragging, supportive bunch of people that I’d stand by any day of the week.

It may feel like you’re going through life alone; you’re not. We’re all growing through life together, skull-dragging one day at a time and getting stronger for it.

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