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Jul 16, 2024 · PwC’s Global Entertainment & Media Outlook 2024-28, now in its 25th year, provides in-depth analysis of global entertainment & media (E&M) consumer and advertising spending. The Outlook includes five-year historical and five-year forecast data and commentary for 11 industry segments across 53 countries and territories.
Jul 23, 2024 · The global entertainment industry is expected to reach a value of $2.6 trillion by 2023. The music industry generated $21.6 billion in revenue in 2020. Disney's revenue in Q3 2021 was $17 billion. TikTok was the most downloaded app in 2020 with over 850 million downloads.
Aug 4, 2021 · After COVID-19 slumps, the global entertainment industry is set to rebound, a new PwC report says. Online data consumption spiked 30% during pandemic. Many consumption patterns and consumer habits learned during the pandemic will become embedded. Live music and cinema are expected to bounce back.
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.
Streaming video, social media, and gaming are helping to enable new business models and reshaping media and entertainment. But the real story for 2023 is that these three sectors are increasingly becoming more interdependent as part of a broader and richer media and entertainment ecosystem.
In 2020, the entertainment and media industry absorbed the historic shock of COVID-19, which toppled long-standing business models, amplified existing trends and forged new opportunities. As the global economy shrinks for the first time since 2009, the US$2.1tn industry is forecast to contract in 2020 by 5.6%.
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The Entertainment market worldwide is projected to grow by 10.64% (2022-2027) resulting in a market volume of US$53.13bn in 2027.