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News: General

TheWrap - Rising Digital Revenue, Cutbacks Driving Entertainment Sector Growth

Thursday, October 24, 2013   (0 Comments)
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The latest report from Ernest and Young has shown that the Entertainment and Media sector is growing, financially, with "Interactive Media" qualifying as the fastest growing.


"The fastest growing sector was interactive media, with an estimated annual growth rate of 22 percent since 2009, thanks to a spurt in online advertising. And on the film and TV front, lower production costs from less product and increased streaming revenue resulted in 11% annual compound growth over the past five years...
...The report also noted that for the first time in five years, the media and entertainment industry is expected to outperform the major stock market indices in 2013."

- Read the full article at TheWrap.com



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