Revenue of the global entertainment and media market 2017-2026
In 2021, in the year of recovery from the effects of the global pandemic, the value of the media and entertainment market reached 2.34 trillion U.S. dollars, experiencing a growth of 10.4 percent compared to 2020. In the following years the growth is set to slow down, but dollar figures are expected reach 2.93 trillion by the end of 2026
Entertainment and media market revenue – additional information
The entertainment and media market encompasses every broadcasting medium from newspapers, magazines, TV and radio and popular forms of entertainment such as film, music and books.
The compound annual growth rate of the entertainment and media spending worldwide has been predicted between 2020 and 2025, by sector. Projections indicated that the sector which will see the most compound annual growth rate will be virtual reality, which will grow by 30 percent during the stated time. In comparison, newspapers and magazines publishing is expected to shrink on an annual basis by one percent in the same period.
Entertainment and media market revenue – additional information
The entertainment and media market encompasses every broadcasting medium from newspapers, magazines, TV and radio and popular forms of entertainment such as film, music and books.
The compound annual growth rate of the entertainment and media spending worldwide has been predicted between 2020 and 2025, by sector. Projections indicated that the sector which will see the most compound annual growth rate will be virtual reality, which will grow by 30 percent during the stated time. In comparison, newspapers and magazines publishing is expected to shrink on an annual basis by one percent in the same period.
