Deloitte shall not be responsible for any loss sustained by any person who relies on this publication. In an earlier posting, ... First, people need to eat to live. Most (41%) marketers believe that events are the single-most effective marketing channel over digital advertising, email marketing and content marketing. This includes ticket… Read More Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. A podcast by our professionals who share a sneak peek at life inside Deloitte. Last year, the live concert industry generated 16% more revenue over 2016, bringing in $5.7 billion. The total U.S. industry market size for Arts, Entertainment & Recreation: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. 6. People love listening to their favorite records at home, but investing in a musician or a band and going to a live event provides a valuable social experience. Revenue from live performances, such as concerts or the theatre, hit £2.1bn last year and is expected to grow a further 7% this year, according to a report from Deloitte. Companies in this industry sector produce or promote live entertainment and other events, operate amusement and leisure activity facilities, or preserve and exhibit objects and … Thanks to global recession, the value of the worldwide entertainment and media market is projected to fall to two trillion U.S. dollars for the year 2020. Regardless of how you influence business decisions, the Outlook can help you understand industry trends so you can capitalise on … Since 2006, worldwide music industry revenues have been more than $60 billion each year. Part of this is because music is one of the few things on this planet that can engage the brain simultaneously. Live music has been about 33% of these total revenues each and every year. The number of jobs sustained by music tourism was 45,530 last year, a record high, with overall employment in the music industry also at an all-time high of 190,935. © 2020. Another is the fact that there is such a wide variety of musical styles that anyone can find something they like. Taking action against systemic bias, racism, and unequal treatment, Key opportunities, trends, and challenges, Go straight to smart with daily updates on your mobile device, See what's happening this week and the impact on your business. According to the Bureau of Labor Statistics, the average American spent $3,226 on entertainment in 2018, a … The average community in the United States has at least one live music event playing at least one day per week, no matter what the size of the community happens to be. The … 1. Entertainment and Media Leader PwC Southern Africa Welcome to this year’s special report on the findings of our Entertainment and media Outlook: 2018–2022, An African perspective (Outlook). While the near-term prospects may be more challenging for the sports and live entertainment industry as compared to others, the requirement to have a … Economic development, often quantified in terms of productivity or output per person-hour, has enabled goods and services to be produced with fewer labor inputs. 4. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Add in the atmosphere that music can bring to a restaurant, bar, pub, or even just a coffee shop and there’s always a venue somewhere that will allow anyone to play. Music and radio are another important sector of the entertainment industry. statistics on the size, growth and profile of the UK music industry, including data on live music in the UK. As the streaming wars intensify, can consumers expect to see more diverse on-demand options in the year ahead? People love listening to their favorite records at home, but investing in a musician or a band and going to a live event provides a valuable social experience. Let us assume that the entertainment component of eating out is 50% of restaurant revenues: that is, for entertainment reasons, people are willing to pay twice as much for food as they would have to pay if they ate at home. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. As major networks and studios continue to launch their own direct-to-consumer streaming services in 2020, competitors will likely scramble to offer content libraries broad enough to both attract and retain customers. This message will not be visible when page is activated. 2020 Media and Entertainment Industry Outlook has been saved, 2020 Media and Entertainment Industry Outlook has been removed, An Article Titled 2020 Media and Entertainment Industry Outlook already exists in Saved items. The following outline provides an overview of and topical guide to entertainment and the entertainment industry: . More than 31,000 full time employees directly benefit from the work of this industry in the United States alone. Frank Turner has played more shows in the last 12 months than anyone else, responsible for 194 set lists. Social login not available on Microsoft Edge browser at this time. Download the full report or listen to the podcast to learn more about the biggest trends across telecommunications, media, and entertainment. Entertainment & Media in the UK set to rebound from the COVID-19 slowdown. Please enable JavaScript to view the site. What are the key trends, challenges, and opportunities that may impact your business and influence your strategy? Photo credit: Vibrant Emotional Health 2018 Annual Report. U2’s Joshua Tree tour topped the Top 100 Worldwide Tours chart. DTTL and each of its member firms are legally separate and independent entities. 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