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$717 billion
- The U.S. Media and Entertainment industry accounts for 6.9% of the total U.S. GDP. There were 1.4 million Americans employed in the Media and Entertainment industry in 2022. The market size of the U.S. Media and Entertainment industry is $717 billion.
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Revenue in the Media market in the United States is forecasted to reach US$523.80bn in 2024. The largest market within the market is TV & Video, with a market volume of US$279.50bn in 2024.
- TV & Video
The TV & Video market in the United States is projected to...
- Games
Revenue in the Games market in the United States is...
- Books
Revenue in the Books market in the United States is...
- Music, Radio & Podcasts
The Music, Radio & Podcasts market in the United States is...
- Newspapers & Magazines
The Newspapers & Magazines market in the United States is...
- TV & Video
The Media & Entertainment Market size is estimated at USD 29.88 billion in 2024, and is expected to reach USD 43.5 billion by 2029, growing at a CAGR of 7.80% during the forecast period (2024-2029).
- General Media and Entertainment Industry Statistics
- Media and Entertainment Industry by Sector
- Media and Entertainment Industry Trends and Projections
- Media and Entertainment Industry by Streaming Services
- Media and Entertainment Industry Statistics FAQ
- Conclusion
- Sources
The Media and Entertainment industry still contributes an immense amount of wealth to the U.S. economy, despite taking a hit in 2020. Overall, here are some general facts about the importance of the industry: 1. The U.S. Arts, Entertainment, and Recreation industry currently have a market size of $307.6 billion.Despite experiencing a massive 36.4% ...
The media and entertainment sectors are massive, whether you’re a music junkie or a film nerd. From movies to music and everything in between, the industry is all around us. With that in mind, here are some facts about different sectors of the Media and Entertainment industry: 1. The U.S. Music industry has a market size of $43 billion as of 2022.T...
Though the Media and Entertainment industry hasn’t entirely recovered from the COVID-19 Pandemic, the industry has rebounded in a significant way. Further, this growth is expected to stay strong over the coming years. According to our research: 1. Between 2012 and 2022, the U.S. Media and Entertainment industry’s market size has grown by 15%.Of cou...
New technologies are shaping old industries all the time, and the Media and Entertainment industry is no different. In the past decade alone, streaming serviceshave taken the industry by storm. Here are the facts: 1. OTT’s annual video revenue is projected to reach $316.1 billion in 2023.And with no signs of slowing down, annual revenue is expected...
What’s the biggest sector of the U.S. Media and Entertainment industry?Streaming services are by far the largest sector of the U.S. Media and Entertainment industry. In total, annual video revenue...With a market size of $717 billion, accounting for 6.9% of the U.S. total GDP, it can’t be understated just how massive the Media and Entertainment industry is. After all, we likely interact with streaming services, TV, games, music, books, and other vital aspects of the industry every single day. Overall, despite taking a significant hit in revenu...
BLS. “Occupational Employment and Wages, May 2020.” Accessed on March 30th, 2022.SelectUSA. “Media and Entertainment Spotlight.” Accessed on March 30th, 2022.Statista. “Value of the global entertainment and media market from 2011 to 2025.” Accessed on March 30th, 2022.IW. “Arts, Entertainment and Recreation in the US – Market Size 2002–2027.” Accessed on March 30th, 2022.PwC’s 25th annual Global Entertainment & Media Outlook offers an in-depth, five-year forecast of evolving forces that will likely shape an industry on track to be a $3.4 trillion market by 2028. Here’s a snapshot of what we found and what’s to come.
For our 2024 outlook, we’re diving into the rise of gaming, AI, and user-generated content—with a chapter focused on each trend. Explore key strategies and considerations to navigate—and succeed in—the future of the industry.
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Mar 17, 2022 · For 2021 the entertainment (home and mobile) market, consisting of digital and physical (discs) and theatrical, totaled $36.8 billion in the U.S., a year-over-year increase of 14% and a figure...
Dec 15, 2023 · Where are media and entertainment (M&E) executives focused as we enter 2024? What can M&E leaders expect from macro influences, the efficiencies and changes being brought by GenAI, and the deal landscape in the coming year?
