Value of the global entertainment and media market 2011-2024
Thanks to global recession, the value of the worldwide entertainment and media market is projected to fall to two trillion U.S. dollars for the year 2020. However, the forecast for 2021 suggests revenue will once more rise to 2.1 trillion U.S. dollars, as in 2019. Further growth is forecast for the following years. In the United States the entertainment and media market was worth an estimated 678 billion U.S. dollars in 2018 and was 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 2016 and 2021, by sector. Projections indicated that the sector which will see the most compound annual growth rate will be internet video, which will grow by 11.6 percent during the stated time. In comparison, newspaper publishing is expected to shrink on an annual basis by 2.7 percent.
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 2016 and 2021, by sector. Projections indicated that the sector which will see the most compound annual growth rate will be internet video, which will grow by 11.6 percent during the stated time. In comparison, newspaper publishing is expected to shrink on an annual basis by 2.7 percent.
