Media and Entertainment Industry Revenue Growth Trend
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PricewaterhouseCoopers (PwC) research reveals that the global media and entertainment industry's revenue has continuously increased from 2014 to 2018. It is even predicted that this industry's revenue will continue to grow globally until 2023.
In PwC's report titled "Global Entertainment & Media Outlook 2019-2023," the media and entertainment industry earned US$1.7 trillion (Rp 23.830 trillion) in 2014. This figure increased by 24% to US$2.1 trillion (Rp 29.440 trillion) in 2018. Over the next five years, its revenue is projected to reach US$2.6 trillion (Rp 36.450 trillion) (using an exchange rate of Rp 14.019/US$).
Changing times and the rapid development of media have empowered consumers to experience and control their media consumption. They do this by managing their media consumption through smartphones and expanding their device usage. Examples include the use of smart homes and digitally connected cars.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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