Singapore – Over the next five years digital technologies will progressively increase their impact across all segments of entertainment and media (E&M) as digital transformation continues to expand and escalate. The uncertain economic background has done nothing to slow the pace of change, which has been far quicker than predicted 12 months ago. It is clear that the consumer is firmly in the driving seat of these changes, according to the latest Global Entertainment & Media Outlook 2010-2014, from PricewaterhouseCoopers (PwC). Following a year of decline in 2009, the global E&M market, as a whole, will grow by 5.0 percent compounded annually for the entire forecast period to 2014 reaching US$1.7 trillion, up from US$1.3 trillion in 2009. Asia Pacific is growing at 6.4 per cent compound annual rate (CAR) through to 2014 to US$475 billion, with Singapore growing at a rate of 5.1 percent CAR.
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