Tag: PwC

The latest edition of PwC’s Global Entertainment & Media Outlook sees total spending on the sector rising to $2.4 trillion in 2022, up from $1.9 trillion in 2017, as digital continues to reshape the industry and we enter a phase the company has dubbed “Convergence 3.0.”

According to PwC, 2017 was another "massive" year for merger and acquisition activity in the U.S. media and telco landscape, with deal volume up 29 percent.

According to PwC, 62 percent of consumers have a hard time finding something to watch, and 55 percent are looking for a new TV show or movie at least once a week.

World Screen takes a deep dive into PwC’s latest Global Entertainment and Media Outlook, which argues that being “consumer-obsessed” will be imperative as the sector’s growth plateaus. Companies angling for a bigger slice of global entertainment and media (E&M) revenues—set to rise from $1.8 trillion in 2016 to $2.2 trillion in 2021—must “focus more intensely” on user experiences, says PwC.

In its latest five-year outlook, PwC states that companies angling for a bigger slice of global entertainment and media revenues—set to rise from $1.8 trillion in 2016 to $2.2 trillion in 2021—must "focus more intensely" on user experiences.

The fourth quarter of 2016 saw 194 deals in the entertainment, media and communications sector, a 34-percent gain on the previous quarter, according to PwC.

NEW YORK: PwC US's latest TV and video consumption survey reports that cord cutting is happening at a slower rate than predicted, with some cord trimmers finding that they're actually paying more for video content after slimming their TV bundles.

Key findings in PwC’s latest five-year outlook on entertainment and media revenues, which points to “unprecedented challenges” for companies in this changing landscape, include internet advertising overtaking broadcast in the U.S. for the first time next year and China becoming the world’s box-office leader.

NEW YORK: PwC’s latest report on merger and acquisition activity in the American media business projects that “foreign buyers armed with cash, particularly from China,” will be increasingly active in the film and content sector this year.

PwC is projecting that 2016 will see “robust” merger and acquisitions (M&A) activity in the U.S. entertainment, media and communications (EMC) sector, driven by companies’ need to build presence, scale and digital value chains. According to PwC’s US Entertainment, Media & Communications Deal Insights report, U.S. deal value in 2015 was $149 billion, a 13-percent increase on the year-ago period. Deal volume was down 7 percent to 818. Q4 was one of the slowest M&A quarters in recent history, PwC said.