Saturday , June 22 2024

Entertainment and Media Will Grow

Pricewaterhouse-Coopers predicts that spending on entertainment and media industry around the globe will surpass $1.1 trillion in 2003, rising by 3.7 percent from its 2002 level:

    The firm forecasts that, spurred by a 30% CAGR in broadband, growth opportunities for television distribution, videogames, Internet access and home video will also spike. It believes that globally, more than 153 million households will be broadband-enabled by 2007.

    Of note, the new report also forecasts double-digit CAGR increases for videogames between 2003-2007. PricewaterhouseCoopers singled out game industry as the fastest growing entertainment/media segment — outpacing Internet advertising and access spending. The firm thinks that games will be boosted on two fronts:

    1. Online video gaming growth will be stimulated by increased broadband access
    2. The wireless market will surge due to availability of new game-capable cell phones.

    Next-generation console hardware will drive the industry’s global expansion to $35.8 billion in 2007, growing at an 11 percent compound annual rate. [Gamasutra – pain in the ass registration required]

About Eric Olsen

Career media professional and serial entrepreneur Eric Olsen flung himself into the paranormal world in 2012, creating the America's Most Haunted brand and co-authoring the award-winning America's Most Haunted book, published by Berkley/Penguin in Sept, 2014. Olsen is co-host of the nationally syndicated broadcast and Internet radio talk show After Hours AM; his entertaining and informative America's Most Haunted website and social media outlets are must-reads: Twitter@amhaunted,, Pinterest America's Most Haunted. Olsen is also guitarist/singer for popular and wildly eclectic Cleveland cover band The Props.

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