Global Entertainment & Media Outlook 2008 – 2012

June 2008

PricewaterhouseCoopers has published its latest edition of the Global Entertainment & Media Outlook 2008 – 2012. 

In this short video, Phil Stokes discusses the emerging trends within the UK entertainment and media sector. Video length - 04:00 mins.

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To find out more about this edition and to place your order, please visit our dedicated Global Entertainment & Media Outlook page.

A comprehensive source of revenue and trend forecasts and associated analysis for the entertainment and media industry, Outlook covers 15 major areas within these sectors including:

• Internet Access Spending: Wired and Mobile
• Internet Advertising: Wired and Mobile
• TV Subscriptions and License Fees
• Television Advertising
• Recorded Music
• Filmed Entertainment
• Video Games
• Consumer Magazine Publishing
• Newspaper Publishing
• Radio and Out-of-Home Advertising
• Theme Parks and Amusement Parks
• Casino and Other Regulated Gaming
• Consumer and Educational Book Publishing
• Business-to-Business Publishing
• Sports

This year’s findings show that there are significant challenges ahead for all these sectors in the UK over the next five years. Most importantly, the overall message is that UK entertainment and media companies need to strike up strategic business alliances in order to optimise growth over the next five years.

Phil Stokes, UK Head of Entertainment & Media at PricewaterhouseCoopers, said: “We are seeing new business models take shape for entertainment and media companies. Some, such as the film industry, have experimented with alliances in the past, but those are just the initial skirmishes in a new world of strategic cooperation.  No single company will be able to successfully go it alone.”

“The industry must continue to extract revenue from traditional business segments while emerging technologies work to secure their position with consumers”, he added.  ”Strategic convergence will now replace vertical consolidation.”

PricewaterhouseCoopers predicts that the entertainment and media market in the UK will grow by 5.8% compound annual growth rate for the next five years to reach $152 billion by 2012.