Seattle Office of Film + Music


ENTERTAINMENT SPENDING ON THE RISE
June 16, 2009, 11:22 am
Filed under: Digital Media | Tags: , ,

Hollywood Reporter
Global entertainment and media spending will rise to $1.6 trillion in 2013, amounting to 2.7% compound annual growth driven by digital gains, according to PricewaterhouseCoopers’ annual “Global Entertainment and Media Outlook 2009-2013.” But U.S. gains will underperform the worldwide trend, with the domestic entertainment and media market expected to grow at a 1.2% compound annual growth rate to reach $495 billion in 2013. The advisory firm also sees U.S. consumer spending on media and entertainment as the main growth driver over the five-year period, while advertising is projected to decline.