Today news
Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
Related News
Germany Entertainment Videos Music Platform PwC UPS Markets Germany

U.K. Entertainment and Media Market to Hit $155 Billion by 2028, PwC Forecasts

Reading now: 999
variety.com

Naman Ramachandran Streaming services and cinema are set to play pivotal roles in the U.K.‘s entertainment and media (E&M) market, which is on track to become Europe’s largest by 2025, overtaking Germany, according to PwC‘s latest Global Entertainment & Media Outlook 2024-2028.

The report projects U.K. E&M revenue to surpass £100 billion ($128 billion) this year and reach £121 billion ($155 billion) by 2028, growing at a compound annual rate of 4%.

The U.K.’s streaming market, the largest in Western Europe and third globally, is navigating a maturing landscape. While subscriptions are expected to rise from £6.5 billion in 2024 to £8.3 billion in 2028, growth rates are slowing.

In response, streaming platforms are exploring new revenue streams. Ben Bird, entertainment and media sector leader at PwC U.K., noted: “Operators are leveraging their content rights and original productions to boost take up, leaving consumers needing to subscribe to multiple services or rotate platforms to access the content they desire.” He added that ad-supported plans are driving growth, “in some cases offering the chance to subscribe for slightly less.” Bird emphasized the streaming market’s strong performance, noting its rapid expansion despite intense competition and market maturity.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA