Naman Ramachandran The U.K. will maintain its position as the leading entertainment and media market in Europe over the next four years, ahead of Germany and France, according to PwC’s Global Entertainment & Media (E&M) Outlook 2023-2027 report.
U.K. E&M revenue is expected to reach £85 billion ($108 billion) this year with growth forecast at a compound annual growth rate (CAGR) of 4% over the next four years to generate revenue of £100 billion overall by 2027.
The report predicts that the next biggest European E&M markets – Germany, which is expected to reach £83.1 billion in 2023 and France, set to touch £54.6 billion in 2023 – will grow to £90.8 billion and £61.1 billion by 2027 respectively.
In the U.K. SVOD revenue is forecast to grow from £3.6 billion in 2023 to £4.7 billion by 2027. En route, in 2025, SVOD (£4.2 billion) will overtake TV subscriptions (£4.1 billion).
Read more on variety.com