Latest in PwC

Media and telecom M&A activity was lively in the first half of 2022 with deals for the 12 months ending May 15 totaling 1,014, up 28% year-on-year, with a record total value $469 billion. The tally was inflated by Elon Musk's high-profile $44 billion bid for Twitter and Microsoft's planned $68 billion acquisition of Ac…

CAA has elevated its chief financial officer, James Burtson, to president, and brought in former PwC exec Carol Sawdye as CFO. One of the company’s three co-chairmen, Richard Lovett, previously held the title of president. He and fellow co-chairs Kevin Huvane and Bryan Lourd will continue in their leadership roles…

A spate of high-profile cyberattacks — on Sony Pictures Entertainment, HBO, Netflix and the Walt Disney Co. — have given the entertainment industry an image problem. Consumers have little faith in the industry's ability to safeguard their data or respect their privacy preferences, according to the newly released CIS…

Revenues from streaming services like Netflix and Amazon are predicted to overtake UK theatrical box office by 2021, according to a new report from PwC. The consultancy expects that internet on-demand video will grow by more than 30% in the next few years, to hit at least £1.4B by 2021, exceeding spend at…

Consumer and advertiser lust for internet-delivered content will help to lift total spending on U.S. media and entertainment to $759.1 billion in 2021, a 19.5% increase over last year, consulting firm PwC predicts today in its 18th annual Global Entertainment and Media Outlook — a widely followed five-year…

The Academy of Motion Pictures Arts and Sciences’ president told the Associated Press that the two accountants responsible for the biggest blunder in Oscar history — Brian Cullinan and Martha Ruiz — will not return to the Oscar show. An Academy spokesperson also confirmed the news. Cheryl Boone Isaacs broke her…

Last year was the first in which U.S. consumers spent more to access the internet than they did to watch TV and video. And the second shoe will drop in 2017 when advertisers will spend more on the internet than on TV,  professional services firm PwC projects today in its 17th annual 5-year Global Entertainment and Medi…

There’s encouraging news for Hollywood in the latest annual five-year business forecast from consulting firm PwC. After four years of declining U.S. filmed entertainment revenues, hitting a recent low of $28.2 billion last year, the latest projection anticipates $29.1 billion in 2015 consistently rising to $35.3…

Media megadeals will continue to percolate in 2015, increasingly driven by private-equity companies eager to take advantage of today’s low interest rates. But they might not hit the heady dollar amounts seen last year — driven by AT&T’s planned acquisition of DirecTV and Comcast’s with Time Warner Cable — according to…

The Big Apple took the top spot in 2014 by accounting for $19.7 billion in entertainment and media spending, ahead of Tokyo’s $19.5 billion, according to a report out today from research and consulting firm PwC. NYC likely will remain the industry capital through 2018, with outlays increasing an average of 4.5% a year…

Here’s something for you hard-core Oscar fans who can’t get enough information about the awards — or want to know about the most glamorous job in tax consulting: Financial advisory firm PwC just announced that Rick Rosas, who has been balloting co-leader for 14 years, won’t handle the chore this year. Tax specialist…

Bad news for theater owners: High ticket prices were the biggest culprit in the 21% year-over-year decline in domestic box office revenues last summer, research and consulting firm PwC reports today based on a survey of 1,044 consumers in October and November. Some 53% of the respondents cited the rising admission…