Revenue of the global entertainment and media market 2020-2029

In 2024, the value of the media and entertainment market reached

trillion U.S. dollars, experiencing a growth of percent compared to 2023. In the following years the growth is set to slow down, but dollar figures are expected to reach over trillion by the end of 2029. 

Entertainment and media market revenue – additional information

The entertainment and media market encompasses every broadcasting medium from newspapers, magazines, TV and radio and popular forms of entertainment such as film, music and books.

The compound annual growth rate of the entertainment and media spending worldwide has been predicted between 2022 and 2026, by sector. Projections indicated that the sector which will see the most compound annual growth rate will be data consumption, at percent, followed by virtual reality, which will grow by percent during the stated time. In comparison, newspapers and magazines publishing is expected to shrink on an annual basis by percent in the same period.