Global entertainment and media revenue fell by 3.8 percent in 2019, from $2.1 trillion in 2019 to $2.1 trillion in 2020. Global Entertainment & Media Outlook 2021–2025, on the other hand, predicts that the global entertainment sector will grow from here on out. Film, television, radio, and print media make up the entertainment sector. Streaming services are the most recent advancement in the entertainment sector. We can now binge-watch our favorite episodes and movies thanks to services like Netflix, Hulu, Amazon Prime Video, HBO Max, Disney Plus, and a slew of others. In 2026, global sales from over-the-top television episodes and films will total $210 billion. The gaming business was valued at $173.70 billion in 2020 and is predicted to increase to $314.40 billion by 2026, representing a 9.64 percent compound annual growth rate (CAGR).
Insider Monkey takes a look at the 16 most valuable entertainment companies in the world. Tencent Music Entertainment Group is a Chinese-based online music entertainment company. QQ Music, Kugou Music, Kuwo Music, and WeSing are four of the company’s most popular and innovative apps. These apps have almost 800 million active users combined. DISH Network Corporation is a satellite subscription television provider that offers direct broadcast satellite television, audio programming, and interactive television services. DISH Network Corporation employed approximately 20,000 people and has 11.3 million Pay-TV subscribers in the United States as of 2020. ViacomCBS Inc. is a media and entertainment conglomerate based in the United States. After Viacom and CBS merged in 2019, it was created in 2019. The corporation employed over 22,000 people and made up to $10.2 billion in gross earnings. Flutter Entertainment Plc is one of the world’s top 16 entertainment firms. The company has a global client base of 14 million customers who are served by over 14,000 personnel in more than 20 offices and 600 retail locations. Vivendi SE is a media corporation based in Paris, France. Universal Music Group, Gameloft, Groupe Canal+, Havas, Editis, Vivendi Village, and Dailymotion are all owned by the corporation. By market capitalization, Electronic Arts Inc. is the second-largest video-game corporation in the United States. The corporation is one of the world’s top 16 most valued entertainment companies. In 2020, EA made a gross profit of up to $4.1 billion. For more details, click 16 Most Valuable Entertainment Companies in the World.
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