onlinemedia daily reporting:
hanks to continued
growth in online advertising, the interactive media sector is expected to see a 33% increase in profitability this year.
That’s
according to a new report from Ernst & Young,
which expects the broader media and entertainment industry to outperform
the major stock market indices for the first time in five years -- due
in large part to digital advances.
Among all media and
entertainment sectors, interactive media also boasts the highest EBITDA
dollar growth rate of 22%, EY reports.
“In emerging markets,
increases in advertising, as
well as rising incomes and media consumption, have also helped drive
revenue and fuel long-term growth, as consumers in mature markets
continue to migrate toward digital,” stated John Nendick,
global media and entertainment leader at EY.
“Media and
entertainment companies are maintaining and growing their businesses
primarily by growing their digital revenues and scaling
back overhead associated with traditional media,” he added.
...
A review of the 2009-2013 compound annual
growth rate shows that in terms of EBITDA dollars, interactive media is
the fastest-growing media and entertainment sector at 22%, followed by
electronic games (14%); film and television production
(11%); cable networks (10%); conglomerates (9%); TV broadcast (9%);
satellite television (8%); cable operators (6%); content and information
services (2%); and music (1%).
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