2.9.3.1Vertical

Animation Studios

Studios producing animated content for film, television, and digital platforms.

Market snapshot

These figures describe Film & Television Production (2.9.3), the segment that Animation Studios sits within — not Animation Studios on its own.

Market size
~$104B
Growth
~5.4%CAGR (2017–22, nominal)
Companies
~25,000
FragmentationFragmentedEstimate

U.S. Census Bureau 2022 CBP/Economic Census, NAICS 512110/512120/512191/512199 + 711110 (production, distribution, post, theater companies).

Business model & economics

Revenue model

Production fees, licensing, box office, and library value

Key economics

Recurring revenue
Low–Moderate

library licensing recurs; productions are project-based

EBITDA margin
Varies by hit economics and library value
Capex intensity
Moderate

Characteristics

  • Streaming content boom lifted demand before a recent pullback.
  • Content libraries became strategic streaming assets.
  • Independent producers and post-houses fill out the base.

Geographic concentration

AlabamaAlaskaArizonaColoradoFloridaGeorgiaIndianaKansasMaineMassachusettsMinnesotaNew JerseyNorth CarolinaNorth DakotaOklahomaPennsylvaniaSouth DakotaTexasWyomingConnecticutMissouriWest VirginiaIllinoisNew MexicoArkansasDelawareDistrict of ColumbiaHawaiiIowaKentuckyMarylandMichiganMississippiMontanaNew HampshireOhioOregonTennesseeUtahVirginiaWashingtonWisconsinNebraskaSouth CarolinaIdahoNevadaVermontLouisianaRhode IslandCaliforniaNew York

Film and television production remains overwhelmingly concentrated in California and New York, the two enduring centers of U.S. screen production.

CaliforniaNew York

U.S. Census Bureau — 2022 County Business Patterns (establishments by state), NAICS 512110/512120/512191/512199. Concentration shown by location quotient.

M&A deal context

Deal activityHigh

Who’s acquiring

  • Studios & streamers
  • Content-library acquirers
  • PE-backed production platforms

What’s driving deals

  • Content-library acquisition for streaming.
  • Consolidation of production capacity.
  • Production-incentive-driven location economics.

Find Animation Studios acquisition targets

Search Acquisera’s index for companies classified under Animation Studios (2.9.3.1) and build a targeted deal pipeline.

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