About This Statistic
This timeline presents the value of the global entertainment and media market from 2011 to 2015, as well as a forecast for the period 2016 to 2020. In 2020, the market is expected to reach a worth of 2.14 trillion U.S. dollars. In the United States the entertainment and media market was worth 573.57 billion U.S. dollars in 2014 and is expected to grow to over 720 billion U.S. dollars by 2020.
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 2015 and 2020, by sector. Projections indicated that the sector which will see the most compound annual growth rate will be internet advertising, which will grow by 11.1 percent during the stated time. In comparison, newspaper publishing is expected to shrink on an annual basis by 1.5 percent.
Despite forecasts revealing that online formats will experience the most annual growth, a further breakdown of worldwide entertainment and media revenue in 2009, 2013 and 2018 by platform reveals that non-digital platforms such as magazine and newspaper publishing will continue to dominate. In 2009, digital revenue for the industry totaled 342 billion U.S. dollars and non-digital revenue totaled 1,038 billion U.S. dollars. By 2018, it is expected that digital revenue will total 994 billion. Despite digital revenue increasing more over the stated time, forecasts suggest that non-digital revenue will still generate more with an expected amount of 1,156 billion U.S. dollars in 2018.
A third way in which the industry’s revenue can be analyzed is through source and this has been recorded for the years 2009, 2013 and a forecast for 2018. Throughout this time series, the revenue for the industry generated by consumers will hold a larger share than advertising and internet access revenues, as it will grow from a total of 698 billion U.S. dollars in 2009, to a total of 875 billion U.S. dollars by 2018.