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The company also updated its subscriber forecasts for the streaming service, and now expects between 120-150 million worldwide HBO Max and HBO subscribers by the end of 2025.

The pandemic led to a loss of $63 billion, with only 59% of the figure estimated to return in 2021. Linear TV spending is expected to drop by 16%. The forecast predicts an improvement of 6.7% in 2021.

In its new Global Games Market Report quarterly update, Newzoo forecasts that the games market will grow 19.6% to $174.9 billion this year, which is $15.6 billion higher than its previous forecast, made early on in the pandemic.

The figure is expected to reach USD 614.03 billion. The -4.9% growth contrasts previous forecasts of 7.0%, but is projected to rebound in 2021 at 16.4%. The US will rank eighth this year in terms of spending.

The streaming service projected approximately approximately 2.5 million subscribers in July, saying it expected growth to slow down after it had added about 26 million new subscribers during the first half of the year.