Media revenue to hit
NEW YORK (Reuters) Global entertainment and media revenue is forecast rising by an average Canada Goose Jackets of 6.6 percent a year to $2.2 canada goose black friday sale trillion by 2012, boosted by advertising supported digital and mobile media and an explosion in the canadian goose jacket adoption of broadband.
A customer looks at an ipod nano uk canada goose at a Sam’s Club in Fayetteville, Arkansas June 5, 2008. REUTERS/Jessica Rinaldi
According to the PricewaterhouseCoopers (PwC) Canada Goose Parka annual forecast released on Wednesday, advertising tied Canada Goose Online to the burgeoning interest in watching videos on buy canada goose jacket cheap the Internet and on devices, such as Apple Inc iPod, will account for 24 percent of growth in the sector https://www.canadagooseoutlete.com/ and is projected to grow fastest at a compound annual growth canada goose uk outlet rate of 19.5 percent canada goose coats on sale to 2012.
Total entertainment and media revenue growth is seen outpacing global gross domestic product, which will increase 5.7 percent, according to the report.
Despite cheap Canada Goose the acceleration of digital businesses, revenue from traditional media venues such as television will still dominate global market share, if canada goose uk shop not growth. Digital and mobile revenue will account for only 11 percent of total spending, or $234 billion, in the next five years.
PwC report presents a more stable view of large media and entertainment companies. Those shares have sunk more than 13 percent buy canada goose jacket since the beginning of the Canada Goose Coats On Sale year at a Canada Goose sale steeper rate than the Standard Poor 500 Index on fears that the weak economic climate could curtail consumer spending and spark an advertising recession.
Last week, Lehman Brothers argued that with entertainment company valuations near 10 year lows, it might be a good time goose outlet for investors to shop for deals, such as News Corp.
One surprise: Advertising on over the air television globally the sector viewed by Wall Street as one of the most vulnerable in a weakened economy is expected to rise 5 percent canada goose store on a compounded canada goose clearance sale annual growth basis to 2012, making it the most resilient to threats posed by digital canada goose coats growth.
oft reported death of traditional media remains greatly exaggerated, according to the report.
The weakest area in the next five years will canada goose be the music Canada Goose Outlet industry. Ravaged by online piracy, recorded music sales are expect to canada goose clearance fall by 0.6 percent to 2012, but is seen growing again by Canada Goose online 2011, when digital sales will overtake CD sales.
What unlikely to be solved in uk canada goose outlet the next five years? companies are making bold moves to follow consumers into cheap canada goose uk the digital/mobile future, they continue to wrestle with the challenge of creating business models that adequately monetize their canada goose uk black friday efforts, the report said.
PwC report, which surveys 15 major industry segments in 59 countries, underscored a trend over the past few years. The United States will continue to account for the biggest share of revenue by country, or $759 billion by 2012, but will grow the slowest at about canada goose factory sale 4.8 percent, outpaced by the Asia Pacific and Latin America.