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The entertainment industry has been progressing towards a full post-pandemic recovery as consumer demand returns and brands continue evolving to new consumer preferences accelerated by COVID-19. Given the current macroeconomy, entertainment brands are racing to recoup profits, retain customers and grow market share for consumer time, dollars, & consumption amongst an ever-growing, dynamic competitive set spanning films, TV, streaming, sports betting, gaming, and more.
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The 2023 box office is projected to continue recovering with the biggest film slate since 2019 and consumers planning to see more theatrical films
than in 2022
The number of global streaming services across video, music, & gaming continues to grow, having surpassed 200 total in 2022
With a CAGR of 35%, sports betting will generate $30B in revenue from $400B in total wagers by 2030 as fans level-up their game-viewing experience
The U.S. events market size is estimated to reach $538B by 2030 at a 13% CAGR from 2021 to 2030 as in-person events rebound and virtual/web3 events continue post-pandemic
Source:
CNBC; JPMorgan
EarthWeb
Statista
Allied Market Research
