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The E&M landscape is composed of several key pillars that are shifting in dominance:
Legacy formats like newspapers and magazines continue to face revenue declines, while radio and traditional TV are projected to grow at a CAGR of less than 2%.
Advertising revenue is increasingly shifting toward digital platforms, outpacing consumer spending in many regions. 2. Core Industry Segments
Digital media consumption is almost entirely mobile-driven in emerging markets, with mobile display advertising revenues expected to grow significantly (e.g., a CAGR of 18.6% in specific markets like Hong Kong through 2026). 3. Key Trends & Transformations Perspectives: Global E&M Outlook 2025–2029 - PwC
The industry continues to grow but at a more moderate pace compared to the 10.6% spike seen in 2021. Rose by 5.5% to $2.9 trillion in 2024.
OTT services (Netflix, HBO, Disney+) are challenging traditional cinema's dominance as the primary storytelling medium.
Digitally driven segments remain the leaders. Over-the-top (OTT) video and video games are high-performing areas, with video games and e-sports expected to see overall growth of 7.2% CAGR.
The global entertainment and media (E&M) industry is undergoing a significant "recalibration" as it moves past the post-pandemic surge. While growth is stabilizing, total industry revenue is projected to reach approximately , driven by a compound annual growth rate (CAGR) of 3.7% starting from 2024. 1. Market Overview & Forecast
