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Media and Entertainment

Industry Outlook

The digitization of content and ongoing innovations in technology will continue to drive growth and force changes in the media and entertainment industry. Publishers and broadcasters alike will continue to experiment with new revenue streams, particularly to reap the benefits from digital subscriptions and online advertisements. Overall, the media and entertainment industry is expected to grow to $825 billion by 2023, an increase from $717 billion in 2019, according to a PricewaterhouseCoopers report (PwC).

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