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The PwC Global Entertainment & Media Outlook 2024-28 projected the industry revenues to hit $3.4 trillion in 2028, representing double the revenues of 2020.

PwC’s latest report offers an in-depth, five-year forecast of evolving forces that will likely shape an industry on track to be a US$2.9 trillion market by 2027.

In each of the next five years, the rate of growth of the global entertainment and media industry will decline sequentially, so that by 2027 revenue will grow just 2.8% from 2026, according to PwC.

The UK is forecast to maintain its position as the leading entertainment and media market in Europe over the next four years, according to PwC’s latest “Global Entertainment & Media (E&M) Outlook 2023-2027” report.

Despite the economic problems the territory faces, the UK Entertainment & Media sector expects a robust long-term growth over the next four years, with the market expected to be valued at £97 billion by 2026, according to PwC.