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- The $2+ trillion industry is on track to grow 6.5% in 2021 and 6.7% in 2022, fueled by strong demand for digital content and advertising. The renewed growth follows a challenging 2020, when in-person entertainment plummeted, including a 71% decline in movie theater box office revenues.
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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.
- Upcoming Dbriefs webcasts | Deloitte US
What's New. The Ripple Effect. Real-world client stories of...
- 2023 media and entertainment industry outlook - Deloitte
2023 media and entertainment industry outlook. Five trends...
- 2022 media & entertainment industry outlook - Deloitte US
Deloitte’s 2022 media & entertainment industry outlook seeks...
- 2023 media & entertainment industry outlook - Deloitte US
Deloitte’s 2023 media & entertainment industry outlook seeks...
- Upcoming Dbriefs webcasts | Deloitte US
2023 media and entertainment industry outlook. Five trends shaping a new ecosystem of engagement. Streaming video, social media, and gaming are helping to enable new business models and reshaping media and entertainment.
For the entertainment and media industries, 2022 marked an important inflection point. PwC’s 24th 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 $2.9 trillion market by 2027. Here’s a snapshot of what we found.
- Resetting expectations leads to retrenchment. The declining influence of consumer spending on E&M products and services and the rising influence of advertising are among the key forces changing the imperatives for industry leaders and forcing a broad reassessment and reinvention.
- Recharging for growth. Even as they look inward for rationalisation, companies must scan the horizon for growth. In every year of the Outlook’s forecast period, revenues are expected to rise.
- The new growth engine: Technology. Entertainment and media is the ultimate human-led, tech-powered industry. For years, the discussion on technology in the industry focused on the shift from analogue to digital, and from fixed to wireless.
- Deals activity dips. The past year has been a relatively subdued period for deals in entertainment and media globally. In 2021 and 2022, several special-purpose acquisition companies, which raise cash via initial public offerings and use the money to acquire private companies, brought media players such as BuzzFeed and Anghami into the public markets.
Deloitte’s 2022 media & entertainment industry outlook seeks to identify the strategic issues that media & entertainment organizations should consider in the coming year, including their impacts, key actions to take, and critical questions to ask.
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Deloitte’s 2023 media & entertainment industry outlook seeks to identify the strategic issues that media & entertainment organizations should consider in the coming year, including their impacts, key actions to take, and critical questions to ask.
Jun 20, 2022 · 20/06/22. CANNES, 20 June 2022 – The global entertainment & media (E&M) industry surged ahead last year, strongly outpacing overall global economic growth. Following a pandemic-related 2.3% decline in 2020, E&M revenue rose a strong 10.4% in 2021, from US$2.12trn to US$2.34trn.
