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In 2021, the Entertainment & Media industry bounced back from the contraction of 2020 to resume its growth path, with revenues rising a strong 10.4%, according to this year’s “Global Entertainment & Media Outlook Perspectives” by PwC.

After falling 2.3% in 2020, total global entertainment and media revenue rose a strong 10.4% in 2021, resuming its trend of outpacing global growth, PwC revealed in its latest report.

Due to a global recession, 2020 will see the sharpest fall in global entertainment and media revenue in the 21-year history of PwC’s research, with a decline of 5.6% from 2019 – more than US$120 billion in absolute terms.

Consulting firm PwC suggested in a recent report that contrary to what video subscriber losses suggest about the state of the U.S. pay-TV industry, TV subscribers actually increased in 2019.