We see consumer change generating seven long-term growth opportunities across the E&M industry. Going forward, perhaps this resilience – together with planning for a wider range of scenarios – will become companies’ defensible advantage, the new “moat” that everyone strives to build.

Not all of this extra demand was converted into higher revenue.

If confirmation were needed that broadband is now a necessity rather than a discretionary item, the pandemic provided it. Around 6% of people working in the media industry as a whole are from ethnic minorities as opposed to 14% in the UK population as a whole. London boasts one of the largest media industries in the whole of Europe, and in fact all of the UK's major media organisations are based in the city of London.Around a fifth of all the people who work in London are involved in the media industry in one way or another, and this vibrant industry continues to go from strength to strength each and every year. This year, we’ve delayed publication of the Outlook to get a clearer view of the pandemic’s impacts. Public awareness of esports in the UK has lagged behind other markets in the past.

The result? That said, across all sub-sectors the pandemic has also opened up the possibility of new revenue models and new ways to engage with audiences: witness how some live music and B2B events have gone virtual, some sports broadcasts going free to air, and many more. What are the key issues in the media industry? [30] The international television broadcast services are operated by BBC Worldwide on a commercial subscription basis over cable and satellite services. At a global level, PwC’s Global Entertainment & Media Outlook 2020–2024 paints a picture of a challenging and disruptive year for many segments of E&M. Spotify, for example, has acquired several podcast companies and signed deals with talent such as comedian Joe Rogan. The entire country switched to digital (from a previously analogue signal) in 2012. All rights reserved. The print media sector is entirely regulating itself and there are no specific statutory rules regulating the print media unlike TV media. Most of the television studios in the United Kingdom are now located in the city of London, while other television studios are predicted to make the move to England's capital in the next few years.

The BBC is the world's largest broadcaster and has its headquarters in London, while other major networks that are also based in London include CNN International, ITV, BskyB, Channel 4 and Five. The commercial operators rely on advertising for their revenue, and are run as commercial ventures, in contrast to the public service operators. The other division is BBC Future Media. E&M businesses that can continue to create new relevant digital content – closely tracking these new hobbies and subject interests – will realise new revenue streams. The largest operator of radio stations is Global Radio, owner of the major Heart, Smooth and Capital radio brands. [9][10], Other major players in the United Kingdom media include ITV plc, which operates 11 of the 15 regional television broadcasters that make up the ITV Network,[11] and News Corporation, which owns a number of national newspapers through News International such as the tabloid The Sun and "broadsheet" The Times. So, to get our very latest view, please speak to us directly. Rather than operating as independent entities, many commercial local radio stations are owned by large radio groups which broadcast a similar format to many areas. E-sports is also forecast for double-digit growth of 21 per cent compound annual growth rate (CAGR) over the next four years with total revenue growing from £23m in 2018 to £45m. It operates numerous television and radio stations in the United Kingdom and abroad and its domestic services are funded by the television licence. [23], As of 2020, the newspaper with the highest circulation is Metro with 1,426,535 readers.



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