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Consumer demand for video streaming and internet to fuel £10bn growth in the UK by 2023

Consumer demand for video streaming and internet to fuel £10bn growth in the UK by 2023

3 mins read

The FINANCIAL — The growing range of video streaming services available to viewers; demand for internet access and business spend on internet advertising will drive the UK’s entertainment and media sector to grow by £10bn over the next five years. According to PwC’s latest Global Entertainment & Media (E&M) Outlook 2019-2023 the UK sector will be worth £80bn by 2023, up from the £70bn projected for this year. Overall, the UK’s E&M sector will grow at a pace of 3.5% per annum and will only be second to Germany in total revenue (within Western Europe). Mark Maitland, UK head of…

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photo credits: supplychainbeyond.com

Consumer demand for video streaming and internet to fuel £10bn growth in the UK by 2023

3 mins read

The FINANCIAL — The growing range of video streaming services available to viewers; demand for internet access and business spend on internet advertising will drive the UK’s entertainment and media sector to grow by £10bn over the next five years. According to PwC’s latest Global Entertainment & Media (E&M) Outlook 2019-2023 the UK sector will…