Tag: 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.