A significant majority of M&E executives are re-evaluating or modifying their approaches to digital transformation, automation, people management and supply chain resiliency. Social Media, Mobility, Analytics and Cloud Computing (SMAC), the new generation in technology & globalization is now the next wave catalyst of change for the industry. Each member firm is a separate legal entity. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. Any dealmaking that proceeds will apply increased due diligence rigor, as 27% plan to increase their focus on the target’s business resilience while evaluating a transaction. Consumers and remote workers view the broadband connectivity delivered by multichannel video programming distributors as more vital than ever before, while the sticky revenue models of data and information services providers are proving to be resilient, at least in the initial phases of the pandemic. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. In addition, the mobile gaming space is continuing to see growth as the life of franchise games (including sequels and spinoffs) has exceeded expectations and the overall business model is becoming more economical - further proof of this is sustained level of M&A activity in the space during the first of half of 2020. The United States remains the largest global internet advertising market, despite shrinking 3.4% from US$125.2B in 2019 to US$121.0B in 2020 as brands cut advertising spend amid the COVID-19 pandemic. Winners and losers will emerge based on their ability to leverage enabling technology to deliver truly distinctive content and experience options, while navigating regulatory and privacy hurdles. The pandemic exposed vulnerabilities in companies’ supply chains and working practices. Which new media segments will emerge and which existing ones will Traditionally, content creators were the deciders on what to supply – the critical change in the new era is that demand is completely consumer driven. We have, however, witnessed content that have bridged not only the language barrier, but also worked across segments internationally. Since 1990s, digitization of content has changed creation and delivery of music. Overall, 89% of respondents state that the COVID-19 outbreak will have an impact on their profitability and margins — of which, 39% expect a severe impact. This belief translates into a noticeable dip in M&E respondents’ confidence in the market, with only one-third holding a positive outlook for corporate earnings, short-term market stability, credit availability and equity valuations, compared with over three-quarters of respondents this time last year. Quality and acceptance hence become extremely subjective to each individual. All rights reserved. Passionate about helping clients formulate and execute successful inorganic strategies. Furthermore, some of the defining recent trends in the internet advertising market, like the continued rise of video and mobile advertising, have taken hold much earlier in the US than in many other markets. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Half of those surveyed after February 19 expect to actively pursue M&A in the next 12 months (49%), down from 59% in October 2019. Click here to know more about Avasant Media & Entertainment. © 2020 EYGM Limited. When we look back at 2020, we will realize that this pandemic has changed the industry forever, as evidenced by the first ever “mutual agreement” to shorten theatrical windows, initial experimentation with in-home premium video-on-demand and increased usage of owned and operated subscription video-on-demand platforms to launch movies that were otherwise supposed to head to theaters. View the segment findings . Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Subscription VOD revenue of US$13.5bn in 2019 will grow at a 12.7% CAGR to reach US$24.5bn by 2024, due to a surge in new, well-funded streaming offerings coming online combined with an increase in consumer demand as a result of COVID-19. You Can Still Get a Job in Media: While it’s true that newspapers and magazines are cutting staff positions, there are many thriving media jobs outside the newsroom. 14 segments and 53 territories. Yet, despite the positive growth we’ll see from the internet advertising market over the next five years, it will not completely fulfill its potential until a simplified, industry-wide consensus on measurement and transparency is reached. Intelligent finance transformation: monetizing DTC streaming Intelligent finance transformation: monetizing DTC streaming. Five year projections of consumer and advertising spending data across Start adding content to your list by clicking on the star icon included in each card, Pulling the future forward: The entertainment and media industry Whether booming or challenged, media and entertainment companies might pause M&A for now but keep watch for strategic investments. There is perhaps no other business as negatively impacted by COVID-19 as the cinema industry - theaters were shut down, blockbusters movies were rescheduled and movie production ground to a halt. How to capture the real e-commerce opportunity. The Media and Entertainment (M&E) industry has multiple segments that combine into one vertical; Movies/Cinema, Television, Music, Publishing, Radio, Internet, Advertising and Gaming.