UK’s entertainment and media revenue to reach £100bn by 2027

The entertainment and media (E&M) sector in the UK is expected to produce £100bn of revenue by 2027, according to PwC’s  latest report. PwC’s Global Entertainment & Media (E&M) Outlook 2023-2027 report has forecasted E&M revenue is to reach £85bn this year with growth forecast at a compound annual growth rate of 4% over the […]

PwC: UK M&E to grow despite economic downward trend

The UK media and entertainment sector can expect robust long-term growth forecast over the next four years, with market expected to be valued at £97 billion by 2026, despite the economic problems the country faces, according to PwC’s latest report. According to the UK Entertainment and Media Outlook (E&M) 2022-26: Trusting the digital path ahead, […]

UK to ‘overtake Germany’ as Europe’s largest media market

The UK is set to become the biggest entertainment and media market in Europe, overtaking Germany, according to PwC’s latest Global Entertainment & Media (E&M) Outlook 2022-2026. UK E&M revenue is expected to reach £83 billion this year. PwC’s report predicts that the UK market will achieve growth of 4% annually over the next four […]

Entertainment and media industry set for pandemic bounceback

The global entertainment and media industry has rebounded strongly from a pandemic slump, claims a new report. According to PWC, the industry is set to grow by 6.5% in 2021 and 6.7% in 2022. The report notes that revenues in the sector are set to outpace the economy as a whole, fuelled by strong demand […]

PwC: Netflix passed US pay TV use for the first time in 2018

The ‘cord-cutting revolution’ continued in 2018 with Netflix surpassing cable and satellite usage in the US for the first time, according to PwC research. The firm’s ‘A new video world order’ report found that pay TV subscriptions among US consumers fell to 67% in 2018, down from 73% in 2017 and 77% in 2016. By […]

PwC: VR the fastest growing segment of UK media sector

Virtual reality is the fastest growing segment of the UK’s entertainment and media sector and will be worth more than £1.2 billion by 2022, according to PwC predictions. PwC’s latest Global Entertainment & Media Outlook 2018-2022 estimates that the UK virtual reality (VR) market will grow at compound annual growth rate (CAGR) of 34% over […]

PwC: Netflix as popular as pay TV in the US

Netflix uptake is now as strong as pay TV use in the US with 73% of Americans taking each type of subscription offering, according to new research by PwC. The survey found that the proportion of US respondents who subscribe to pay TV has fallen from 79% in 2015 and 76% in 2016 to 73% […]

PwC: internet video revenues to overtake DVD this year

Internet video revenues will overtake physical home video for the first time this year, according to a major new international study by PricewaterhouseCoopers. PwC’s Global Entertainment and Media Outlook 2017-2021 claimed that global internet ad revenues exceeded TV ad revenues for the first time last year – with “major digital tipping-points” occurring or due to […]

PwC: the future of video is mobile first

The future of video is mobile-first, with 70% of 18-24 year-olds now claiming that their phone is the primary place that they view video content, according to new US research. PwC’s ‘Videoquake 4.0: Binge, stream, repeat – how video is changing forever’ report claims that the mobile viewer is “changing content creation and curation” with […]

PwC: Global TV market revenues to reach US$325bn in 2020

The global TV market will be worth US$325 billion in revenues by 2020, according to research by PwC and the Institute of Chartered Accountants in England and Wales (ICAEW). The ‘UK Television in Focus’ report claims that the UK is regarded as a world leader and a significant exporter of ideas, content, and both technical […]