PriceWaterhouseCooper is releasing the latest edition of it’s traditional Global Entertainment and Media Outlook. This note has some UK highlights:
Digital music sales in the UK will overtake physical revenues next year while total recorded music spend will reach $2.6bn (£1.75bn) by 2014 – up 4.4% from 2009, according to PwC.
That is the claim in PricewaterhouseCoopers’ (PwC) latest market forecasts for the entertainment and media sectors – Global Entertainment & Media Outlook 2010-2014.
While steady growth is projected over the next five years, the total market will still fall short of the $2.9bn (£1.96bn) generated in 2005.
According to PwC’s numbers, 2010 is the turnaround year for music sales in the UK, with revenues of $2.2bn (£1.48bn) expected – up from $2.1bn (£1.41bn) last year.
I just wonder how and why the editors decided to include this picture in the article:
I mean, this “‘Matrix”-like 3D digital wall of zeros and ones in citric colors might be the cheesiest visual representation ever of digital music.