Our prediction in our 2020 Global Entertainment & Media (E&M) Outlook was that E&M revenues would see a compound annual growth rate of 2.8%, hence by 2024 the figure of $79.8bn would be reached. This will most definitely be a strong recovery from 2020s expected decline of -6.7% due to the effect of lockdown, as well as the recession that has been caused by COVID-19.
Trends and Forecasts
We have delayed the publishing of Outlook this year so that we can first get a more accurate understanding of how the pandemic has impacted the situation. Hence, we have two main points we want to clarify related to our analysis and forecasts. Firstly, we certainly feel that the projections that we have made are robust; however, the constantly changing circumstances of the pandemic could make future accuracy unclear, including how the Government will lead policy responses. This means that if you want our latest view you need to talk to us directly.
Secondly, it is true that the impact of the pandemic on the UK media industry as a whole is very significant; however, the impact on specific sub-sectors has varied. Laws on social distancing and self-isolation have meant that in …