Global Filmed Entertainment Spending Will Pick Up Through 2016: Forecast

Optimists and pessimists about the filmed entertainment business will find plenty of evidence to support their cases today in PwC’s Global Entertainment And Media Outlook, its annual five-year forecast. Worldwide spending for theater tickets and home video will grow about 3.1% a year to nearly $100B in 2016 according to the professional services firm formerly known as PricewaterhouseCoopers. Box office revenues will rise 6.3% a year, but home videos will stagger along up 0.5% a year. DVDs and other physical media will continue to dominate the home video business, but the 20% decline in spending for them will virtually wipe out the gains from the doubling payments for digital downloads and streams. Most of the industry’s growth will come from overseas: Filmed entertainment spending in North America will rise less than 1% a year to $35.3B in 2016. As a result, the U.S. and Canada will account for just 35.5% of all revenues, down from 39.6% last year and 42.7% in 2007. (more…)

This article was printed from https://deadline.com/2012/06/global-filmed-entertainment-spending-will-pick-up-through-2016-forecast-284847/