Driven by growth in online advertising and live events, global entertainment and media revenue is expected to grow 3.9% annually on average over the next five years, jumping from $2.8 trillion in 2023 to $3.4 trillion in 2028, according to a new report from PricewaterhouseCoopers LLP.
Ad sales will hit $1 trillion in 2026, it said, and will account for more than half of the industry’s total revenue growth over the next five years.
Live entertainment, including sports and concerts, are also gaining momentum, according to PwC. Coming out of the pandemic slowdown, global tours of pop stars, from Taylor Swift to Coldplay, and the opening of the Sphere in Las Vegas boosted live music sales by 26% in 2023.
Gaming will remain one of the fastest growing sectors and is projected to top $300 billion in 2028.
Global cinema revenue is on track to recover from the Covid downturn and in 2026 will surpass the pre-pandemic levels of 2019, according to the report.
Meanwhile, amid increased competition for subscribers, companies in the streaming industry will lean more heavily on advertising, PwC said. By 2028, ad-based subscriptions will account for about 28% of total streaming revenue.
The wealth tech giant – in collaboration with Fidelity, BlackRock, State Street, and Franklin Templeton – is offering its advisor and wealth firm users more ways to diversify.
Deal volume increased post-election but now caution has taken over.
Advisors who expect an edge from alternatives' illiquidity premium – without understanding the underlying terms and explaining them to clients – have a world of learning to do.
The social influencer Tyler Bossetti pleaded guilty to wire fraud and aiding in the filing of false tax documents as a result of the real estate scheme, which ran from 2019 to 2023 and used platforms including Facebook and YouTube.
The latest LIMRA data release shows continued growth in RILAs, variable annuities, and FRD products, though researchers argue more education is still needed.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
