PwC Study: Global Media, Entertainment Revenues To Sink 5.6% in 2020

Global media and entertainment revenue will sink 5.6% from 2019 ($120 billion) to $2.02 trillion in 2020 from the year before, according to PricewaterhouseCoopers (PwC), due to the COVID-19 pandemic.

The 5.6% rate would be nearly double the percentage decline the last time the global economy shrank in 2009 during the …

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