In 2023, the value of the media and entertainment market reached **** trillion U.S. dollars, experiencing a growth of **** percent compared to 2022. In the following years the growth is set to slow down, but dollar figures are expected to reach *** trillion by the end of 2028.Â
Entertainment and media market revenue – additional information
The entertainment and media market encompasses every broadcasting medium from newspapers, magazines, TV and radio and popular forms of entertainment such as film, music and books.
The compound annual growth rate of the entertainment and media spending worldwide has been predicted between 2022 and 2026, by sector. Projections indicated that the sector which will see the most compound annual growth rate will be data consumption, at ** percent, followed by virtual reality, which will grow by ** percent during the stated time. In comparison, newspapers and magazines publishing is expected to shrink on an annual basis by * percent in the same period.
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PwC UK. (July 16, 2024). Value of the entertainment and media market worldwide from 2019 to 2028 (in trillion U.S. dollars) [Graph]. In Statista. Retrieved June 22, 2025, from https://www.statista.com/statistics/237749/value-of-the-global-entertainment-and-media-market/
PwC UK. "Value of the entertainment and media market worldwide from 2019 to 2028 (in trillion U.S. dollars)." Chart. July 16, 2024. Statista. Accessed June 22, 2025. https://www.statista.com/statistics/237749/value-of-the-global-entertainment-and-media-market/
PwC UK. (2024). Value of the entertainment and media market worldwide from 2019 to 2028 (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: June 22, 2025. https://www.statista.com/statistics/237749/value-of-the-global-entertainment-and-media-market/
PwC UK. "Value of The Entertainment and Media Market Worldwide from 2019 to 2028 (in Trillion U.S. Dollars)." Statista, Statista Inc., 16 Jul 2024, https://www.statista.com/statistics/237749/value-of-the-global-entertainment-and-media-market/
PwC UK, Value of the entertainment and media market worldwide from 2019 to 2028 (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/237749/value-of-the-global-entertainment-and-media-market/ (last visited June 22, 2025)
Value of the entertainment and media market worldwide from 2019 to 2028 (in trillion U.S. dollars) [Graph], PwC UK, July 16, 2024. [Online]. Available: https://www.statista.com/statistics/237749/value-of-the-global-entertainment-and-media-market/
