PracticeAuditMedia revenue will fall 3.3%: PwC report

Media revenue will fall 3.3%: PwC report

Report predicts only `modest' growth in the next two years.

PricewaterhouseCoopers has forecast a 3.3 % drop in the revenue for the media
and entertainment industry, the Irish independent has reported.

The PwC report attributes the downturn to a 14 % drop in advertising revenue,
with the industry experiencing only `modest’ growth to 2011. By 2013 the report
estimates the industry will have experienced a total 2.7% increase, while in the
same period advertising revenue declines will 1.3 %.

The report is in its tenth year and finds that digital media will dictate the
direction of media growth.

`There will be nowhere to hide from the implications of digital migration. As
economic pressure increases, so does the pace of change: aside from short-term
challenges posed by the economic downturn, the real challenge lies in how to
take advantage of the digital reality,’ the report states.

Read the full story:
Media
to record 3.3pc revenue fall

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

3d Emma Smith, Managing Editor
FRC closes investigation into PwC over Barclays compliance

Accounting Firms FRC closes investigation into PwC over Barclays compliance

2w Alia Shoaib, Reporter
PwC to audit BBC pay policies following gender pay gap outrage

Accounting Firms PwC to audit BBC pay policies following gender pay gap outrage

1m Alia Shoaib, Reporter
PwC fined a record £5.1m by the FRC over RSM Tenon audit

Audit PwC fined a record £5.1m by the FRC over RSM Tenon audit

2m Alia Shoaib, Reporter
Toshiba narrowly escapes delisting as PwC finally signs off on accounts

Audit Toshiba narrowly escapes delisting as PwC finally signs off on accounts

2m Alia Shoaib, Reporter
PwC to take over from Deloitte as Diploma auditor

Accounting Firms PwC to take over from Deloitte as Diploma auditor

2m Alia Shoaib, Reporter
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

2m Alia Shoaib, Reporter
Latest Big Four auditor changes

Audit Latest Big Four auditor changes

2m Alia Shoaib, Reporter