Tag: PwC

The U.K. is set to become Europe’s largest media and entertainment market.

PwC projects that the value of the worldwide E&M industry will see a 3.9 percent CAGR for the next five years.

The U.K. is projected 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.

World Screen takes a deep dive into PwC’s four-year forecast for global media and entertainment.

Following the pandemic-driven boosts of 35.4 percent in 2020 and 22.8 percent last year, OTT video revenue growth is expected to slow to a compound annual growth rate (CAGR) of 7.6 percent through 2026, PwC reveals, with revenues rising to $114.1 billion.

Research from PwC indicates that deal activity in the media and entertainment space will continue at a “vigorous pace” in 2022, powered by the demand for content from streaming platforms, 5G rollouts and strong interest from private equity buyers.

The global entertainment and media (E&M) business is rebounding from a Covid-19 pandemic slump, according to PwC, with revenues on track to rise by 6.5 percent this year and 6.7 percent next year.

While calling 2019 a "transformative year" in M&A in the media and telco sector, with several megadeals and a shifting relationship between traditional media and big tech companies, PwC reports that overall deal activity and value fell last year.

There were 159 M&A deals in the media and telecoms sector in the U.S. in Q2, up from 155 in the first quarter, with overall deal value rising from $6.7 billion to $36.6 billion, according to PwC.

World Screen spotlights the findings of PwC's A New Video World Order: What Motivates Consumers? report.