Steel, Emily. "Digital Drag Forecast on Media Growth." The Financial Times, June 11, 2012.
From the article: "Consumers’ reluctance to pay as much for digital media as they do for
physical products, such as news, books and music, will drag on the global media
and entertainment industry’s growth over the next five years, according to a
new industry forecast.
The media and
entertainment industry is likely to grow at a 5.7 per cent compound annual rate
over the next five years, slower than the 6.6 per cent annual growth rate
expected in nominal GDP over the same period, according to PwC’ annual outlook
for the sector…
Digital entertainment and media revenues increased 17.6 per cent globally in
2011, in sharp contrast to a 0.6 per cent increase in non-digital revenues, PwC
said. Digital media is expected to account for 37.5 per
cent of the market in 2016, up from 28 per cent in 2011."
See also
