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.