Dublin, Feb. 24, 2021 (GLOBE NEWSWIRE) — The “Media Global Market Report 2021: COVID-19 Impact and Recovery to 2030” report has been added to ResearchAndMarkets.com’s offering.
Major companies in the media market include Google; Walt Disney; Time Warner Inc.; Facebook and Comcast Corporation.
The global media market is expected to grow from $1712.96 billion in 2020 to $1850.04 billion in 2021 at a compound annual growth rate (CAGR) of 8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2670.66 billion in 2025 at a CAGR of 10%.
The media market consists of sales of television and radio programs, motion pictures, digital content, and commercials along with video and audio recordings, games and publications by entities (organizations, sole traders and partnerships) that produce and distribute television and radio programs, motion pictures, and commercials along with video and audio recordings, games and publications. Examples of revenues are license fees, subscription and payments for advertising.
North America was the largest region in the global media market, accounting for 33% of the market in 2020. Asia Pacific was the second largest region accounting for 29% of the global media market. Africa was the smallest region in the global media market.
Autonomous drones are becoming popular among mainstream and indie film and video makers as they enhance film viewing experience cost effective, light weight and reduce risks associated with cranes and cable cams during film making. Autonomous drones are flying gadgets equipped with multiple rotors, built-in high-resolution camera and algorithms for capturing videos and pictures. It offers 360-degree experiential recording experience with minimum human intervention. They are used to capture aerial shots, taking footages and images without having a cameraman on an actual helicopter. For instance, Major companies offering autonomous drones are DJI, Parrot, Yuneec, Kespry, Insitu and EHANG.
The outbreak of Coronavirus disease (COVID-19) has acted as a significant restraint on some of the media markets in 2020 as businesses were disrupted due to lockdowns imposed by governments globally.
The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, many media markets have been unaffected or benefited from this as they transmit their content remotely through digital channels. It is expected that the media market will recover from the shock across the forecast period as it is a ‘black swan’ event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Virtual reality (VR) is increasingly being adopted by the TV and radio broadcasting industry to create potential impact on audiences. Live events such as sports and music is expected to boost the demand for VR adoption during the forecast period, by helping audiences to connect with major events through a dynamic environment.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Media Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Media Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Media Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Media Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Media Market Trends And Strategies
8. Impact Of COVID-19 On Media
9. Media Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.3. Forecast Market Growth, Value ($ Billion)
10. Media Market Regional Analysis
10.1. Global Media Market, 2020, By Region, Value ($ Billion)
10.2. Global Media Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Media Market, Growth And Market Share Comparison, By Region
11. Media Market Segmentation
11.1. Global Media Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- TV And Radio Broadcasting
- Film And Music
- Information Services
- Web Content, Search Portals And Social Media
- Print Media
- Cable and Other Subscription Programming
12. Media Market Segments
12.1. Global TV And Radio Broadcasting Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) – Radio Broadcasting; Television Broadcasting
12.2. Global Film And Music Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) – Music Recording; Film And Video
12.3. Global Information Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) – News Syndicates; Libraries And Archives; All Other Information Services
12.4. Global Web Content, Search Portals And Social Media Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) – Social Media; Internet Search Portals; Digital Publishing And Content Streaming; Search Engine Optimization Services
12.5. Global Print Media Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) – Directory, Mailing List, And Other Publishers; Book Publishers; Newspaper & Magazines Publishers
12.6. Global Cable and Other Subscription Programming Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13. Media Market Metrics
13.1. Media Market Size, Percentage Of GDP, 2015-2025, Global
13.2. Per Capita Average Media Market Expenditure, 2015-2025, Global
- Walt Disney
- Time Warner Inc.
- Comcast Corporation
For more information about this report visit https://www.researchandmarkets.com/r/wggwoi
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Britney Spears calls recent documentaries about her ‘hypocritical’
LOS ANGELES (Reuters) – Pop singer Britney Spears spoke out on Tuesday about recent documentaries about her life and career, calling them “hypocritical” because they rehash her personal problems while criticizing the media for reporting them the first time.
Walt Disney Co’s FX network and The New York Times released “Framing Britney Spears” in February. The documentary examined the singer’s meteoric rise to fame as a teenager, the ensuing media scrutiny and her widely publicized breakdown.And this month, the BBC released “The Battle for Britney: Fans, Cash and a Conservatorship” in Britain. It will debut in the United States and Canada starting May 11 via the BBC Select streaming service.
In an Instagram post, Spears did not name either documentary but said “so many documentaries about me this year with other people’s takes on my life.”
“These documentaries are so hypocritical … they criticize the media and then do the same thing,” she added.
In March, Spears said she cried for two weeks after watching part of “Framing Britney Spears”.
The BBC said in a statement on Tuesday that its documentary “explores the complexities surrounding conservatorship with care and sensitivity.”
“It does not take sides and features a wide range of contributors,” the statement added.
A New York Times spokesperson declined to comment.
Spears, who shot to fame in 1998 with the hit “Baby One More Time,” is in a court battle seeking to replace her father as her conservator. He was appointed to the role in 2008 after she was hospitalized for psychiatric treatment.
Her fans have shown their support on social media under the hashtags #We’reSorryBritney and #FreeBritney. Spears is scheduled to speak to a Los Angeles court in June.
In her Instagram post, which included a video of herself dancing, Spears said that “although I’ve had some pretty tough times in my life … I’ve had waaaayyyy more amazing times in my life and unfortunately my friends … I think the world is more interested in the negative.”
(Reporting by Lisa Richwine; Editing by David Gregorio)
Grammy organizers change rules after allegations of corruption
LOS ANGELES (Reuters) – The organizers of music’s Grammy Awards on Friday announced an end to the so-called “secret” committees that have led to allegations that the highest honors in the industry are open to rigging.
The Recording Academy said that nominations for the next Grammy Awards in January 2022 will be selected by all of its more than 11,000 voting members, instead of by committees of 15-30 industry experts whose names were not revealed.
The Academy was slammed last year when Canadian artist The Weeknd got zero Grammy nominations, even though his critically acclaimed album “After Hours” was one of the biggest sellers of 2020.
The Weeknd, in a Twitter post last November, said “The Grammys remain corrupt. You owe me, my fans and the industry transparency.”
The Recording Academy said in a statement on Friday that the changes were significant and were made “to ensure that the Grammy Awards rules and guidelines are transparent and equitable.”
Allegations that the Grammy nominations process is tainted were made in a legal complaint filed in early 2019 by the former chief executive of the Recording Academy, Deborah Dugan.
At the time, the Academy dismissed as “categorically false, misleading and wrong” Dugan’s claims that its members pushed artists they have relationships with. Dugan was later fired.
American pop star Halsey, also shut out of the 2021 Grammys, last year called the nominations process “elusive” and said she was “hoping for more transparency or reform.”
Former One Direction singer Zayn Malik called in March for an end to “secret committees.”
“I’m keeping the pressure on & fighting for transparency & inclusion. We need to make sure we are honoring and celebrating ‘creative excellence’ of ALL,” Malik tweeted hours ahead of the 2021 Grammy Awards ceremony.
The Recording Academy on Friday also said it was adding two new Grammy categories – for best global music performance, and best Latin urban music album – bringing to 86 the total number of Grammy Awards each year.
(Reporting by Jill Serjeant; Editing by David Gregorio)
Movie theaters face uncertain future
By Lisa Richwine
LOS ANGELES (Reuters) – Maryo Mogannam snuck into the Empire theater in San Francisco with his older cousins to watch “Animal House” when he was 14. He watched most of the James Bond movies at the historic art house and took his wife there on some of their first dates.
The cinema, which had been showing movies since the silent film era, served notice in February that it was permanently closing because of the impact of COVID-19. The marquee is now blank, and cardboard and paper cover the box office window.
“It’s kind of like losing a friend,” said Mogannam, now 57, who owns a retail shipping outlet near the theater, which had been renamed the CineArts at the Empire.
As vaccinated Americans emerge from their homes, they also may find their neighborhood theater is not there to greet them.
An eight-cinema chain in New England said it will not reopen. The same fate hit a Houston art house beloved by director Richard Linklater and, in a shock to Hollywood, more than 300 screens run by Los Angeles-based Pacific Theatres. That includes the Cinerama Dome, a landmark that hosted several red-carpet movie premieres.
Following a year of closures, theaters face deferred rent bills plus media companies’ focus on drawing customers to streaming services. Up to one-fourth of the roughly 40,000 screens in the United States could disappear in the next few years, Wedbush Securities analyst Michael Pachter said.
The National Association of Theatre Owners rejects that estimate, spokesman Patrick Corcoran said, noting that similar dire warnings accompanying the advent of television and the switch to digital screens never came to pass.
Hollywood filmmakers want cinemas to thrive.
“It’s the only place where the art dominates,” said “Avatar” director James Cameron. “When you watch something on streaming, the other people in the room with you are welcome to interject, to pause to go to the bathroom, to text.”
At theaters, “we literally make a pact with ourselves to go and spend two to three hours in a focused enjoyment of the art.”
“For 300 people to laugh and cry at the same time, strangers, not just your family in your house, that’s a very powerful thing,” said Chloe Zhao, Oscar-nominated director of best picture nominee “Nomadland.”
At the Academy Awards on Sunday, the movie industry will “make a case for why cinema matters,” producer Stacey Sher said. While acknowledging the hardship of the pandemic, “we also have to fight for cinema and our love of it and the way it has gotten us through things,” she said.
About 58% of theaters have reopened in the United States and Canada, most restricted to 50% capacity or less. The biggest operators – AMC, Cinemark and Cineworld – make up roughly half the overall market.
Industry leaders project optimism, forecasting a big rebound after restrictions ease and studios unleash new blockbusters.
Coming attractions include a new Bond adventure, the ninth “Fast & Furious” film, a “Top Gun” sequel and several Marvel superhero movies.
“Avatar 2,” Cameron’s follow-up to the highest-grossing film of all time, is set to debut in December 2022. Some box office analysts predict 2022 ticket sales will hit a record.
Supporters point to late March release “Godzilla vs. Kong,” which brought in roughly $48.5 million at U.S. and Canadian box offices over its first five days, even though audiences could stream it on HBO Max.
“That was a big win for the entire industry,” said Rich Daughtridge, president and chief executive of Warehouse Cinemas in Frederick, Maryland.
But near- and long-term challenges loom, particularly for smaller cinemas.
Theaters are negotiating with landlords over back rent. A federal aid program was delayed due to technical problems.
Plus, media companies are bringing movies to homes sooner. Executives say streaming is their priority, pouring billions into programming made to watch in living rooms as they compete with Netflix Inc.
Most at risk are theaters with one or two screens, Wedbush Securities’ Pachter said. He said his best guess is between 5,000 and 10,000 screens could go permanently dark in coming years.
“I think we’ll see a gradual decline in the number of screens,” Pachter said, “just like we’ve seen a gradual decline in the number of mom-and-pop grocery stores and bookstores.”
(Reporting by Lisa Richwine; Additional reporting by Rollo Ross in Los Angeles, Alicia Powell in New York and Nathan Frandino in San Francisco; Editing by Jonathan Oatis)
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