Reuters: Media, entertainment to see faster growth-report
"The world's entertainment and media industries will grow faster in the second half of the decade than the first, reaching $1.8 trillion in annual sales by 2009, according to a PriceWaterhouseCoopers report. The Asia-Pacific region, driven by gains in China and India, was seen expanding fastest, at nearly 12 per cent per year, to reach $432 billion in the same period."
"The fastest-growing media sector worldwide will be video games, with double-digit growth spurred by sales of next-generation consoles, online and wireless Internet access spending and online advertising, the report said. Newspaper publishing was expected to see the slowest growth during the period, with 3.3 percent compound annual growth in ad sales and circulation revenue bringing sales to $202 billion worldwide by 2009, the report said."
"The world's entertainment and media industries will grow faster in the second half of the decade than the first, reaching $1.8 trillion in annual sales by 2009, according to a PriceWaterhouseCoopers report. The Asia-Pacific region, driven by gains in China and India, was seen expanding fastest, at nearly 12 per cent per year, to reach $432 billion in the same period."
"The fastest-growing media sector worldwide will be video games, with double-digit growth spurred by sales of next-generation consoles, online and wireless Internet access spending and online advertising, the report said. Newspaper publishing was expected to see the slowest growth during the period, with 3.3 percent compound annual growth in ad sales and circulation revenue bringing sales to $202 billion worldwide by 2009, the report said."
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