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.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.
Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
