Amid a global recession, 2020 will see the sharpest fall in global E&M revenue with a decline of 5.6% from 2019 – more than US$120bn in absolute terms. In Singapore, the expected decline is 5.0% from 2019, valued at approximately US$274mn. While the shockwaves from 2020 will continue to ripple through the global economy, forecast shows the industry’s fundamental growth trajectory remains strong.
• Digital revenues to overtake non-digital revenues in Singapore by 2023 • Spend on over-the-top (OTT) video to overtake traditional video segments in Singapore • Consumption is becoming increasingly personalised while also increasingly social
Date
28 August 2018
Contact
Charlene Loke
Tel: +65 8729 0388
E-mail: charlene.hs.loke@sg.pwc.com
Candy Li
Tel: +65 8722 7540
E-mail: candy.yt.li@sg.pwc.com
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Total worldwide entertainment and media revenues will rise at a CAGR of 5.1% over the coming five years, from US$1.74trn in 2014 to US$2.23trn in 2019, according to PwC’s Global entertainment and media outlook 2015–2019. In Singapore, entertainment, media and media revenues are expected to rise at a CAGR of 5.4% over the next five years, from US$5.2 bn in 2014 to US$6.8bn in 2019.
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