The radio and television broadcasting industry is composed of two different types of companies. Read the next article in this theme. Research firm PwC anticipates revenue from media and entertainment will reach an estimated $2.2 trillion by 2021 The music industry earned â¦ But our latest research into entertainment and media habits paints a far more nuanced picture, reflecting how the conversation is moving away from such tired dichotomies about disruption in the industry.. PwCâs Global Entertainment and Media Outlook 2019-2023 shows that across the world, â¦ Talk to Sam +44 207 193 2091. With luck, these disruptions will just be temporary. Get the latest trends and understand the impact of the crisis on the market. Media is one of six industries (along with automotive, consumer, electricity, healthcare, and logistics) that have been the focus of the World Economic Forumâs Digital Transformation of Industries (DTI) 2016 project.An overview of the DTI program can be found here. The U.S. media and entertainment industry contributes more than $632 billion to the economy and represents a third of the global industry. Download the executive summary of the report on which this article is based, McKinseyâs Global Media Report 2015 (PDFâ3.83MB). Ultimately, the most important thing for the media and entertainment industry is to help slow down the spread of the virus and keep people informed about what people should do to stay safe. Beyond this, the industry is in uncharted waters. Monitor the impact on your business. Customer Support. Itâs all too easy to assume that traditional media is dead and that new media will replace it. Press Release Entertainment and Media Market 2020 COVID-19 Impact on Industry Size, Demand, Share, Global Trend, Business Growth, Top Key Players Update, Business Statistics â¦ Global Media and Entertainment Industry Market Research & Statistics. to the global telecoms and media markets (which is a trading division of Informa Telecoms and Media Ltd.), www.ovum.com Use of data in this publication Material in this publication is drawn from data in the Entertainment and media Outlook: 2018â2022, An African perspective (Outlook), a comprehensive source of consumer Access new updated reports and statistics for the Media and Entertainment Industry in the World. MUMBAI: India's media and entertainment (M&E) industry is set to grow at a faster pace of 10.55% CAGR, outshining the global average of 4.2% CAGR, according to consulting firm PwC. Get Reports. In fact, the AsiaâPacific media market will be the largest source of absolute growth for the global industry during the next five years. In its annual sector forecast for 2017-2021, PwC said the Indian M&E sector will touch $45.1 billion by 2021, up from $27.3 billion at the end of 2016. Since spring 2020, the COVID-19 pandemic has been accelerating structural challenges and trends that have long faced the media and entertainment (M&E) industry. Kevin Westcott, Deloitteâs US Tech, Media, and Telecom leader, explores the biggest media trends for 2021 and shares his entertainment industry analysis. The rise of digital in entertainment has fueled the transformation of television and print, permanently changing how advertisers reach their audiences and how media companies around the world operate. For more information, visit the Media & Entertainment Practice site. Explore BCGâs latest thought leadership on media and entertainment to learn more.