Filmed Entertainment Revenues Will Grow Through 2018 Led By Home Video Streaming: Report

Loading video...

Report: Streaming and Download Spending Will Top Box Office By 2017

PwC's latest annual study predicts a rosy near future for several segments of the biz including filmed entertainment. Deadline's David Lieberman reports.

PwC‘s latest five-year financial forecast for the entertainment industry is both optimistic — and a bit of a head-scratcher. The research and advisory firm estimates that total spending for entertainment and media in the U.S. will hit $723.7B in 2018, up 26.3% from last year. And U.S. filmed entertainment will hold its own, increasing an average of 4.7% a year to $39.2B in 2018. Box office will grow 3.1% a year to $12.5B and will exceed physical home video sales next year. Electronic home video (including subscription VOD services like Netflix) will grow 18.3% a year to $17B. That means streaming and downloads will surpass physical home video in 2016 — and in 2017 will account for 43% of domestic industry revenues, exceeding box office. Home video streaming will be the fastest-growing consumer sub-segment in entertainment, growing 24.8% a year to $10.1B in 2018. (more…)

This article was printed from https://deadline.com/2014/06/filmed-entertainment-revenues-will-grow-through-2018-led-by-home-video-streaming-report-740015/