Thursday 19 June 2008

30-percent Hike In Entertainment Spending Forecast

Consumers worldwide will spend $11.2 billion on all forms of filmed entertainment in 2012, up 30 percent from $85.9 billion in 2007, according to the PricewaterhouseCoopers Global Entertainment and Media Outlook: 2008-2012. Box-office spending is likely to increase 6.1 percent to $36.9 billion with sales spurred by 3D digital presentations, the study said. The study predicted the greatest growth will come from streaming video.


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