The Irish entertainment and media industry is to grow by an annual compound rate of 3.6% between now and 2027, a new report from PwC has predicted.
PwC says the growth is largely due to increasing internet access - particularly mobile broadband - and a growth in video on demand subscriptions.
Though this growth rate is expected to drop significantly, live music revenues in Ireland are expected to continue to grow at a 6.1% CAGR, which is above the global rate of 4.6%. The print sector will be weighed down by the rising costs of paper and production of physical magazines, it added. "If Irish companies are to retain market share and drive growth, industry leaders will have to be more creative about how they create, distribute and monetise products and services, while remaining cognisant of an evolving global regulatory and geopolitical environment increasingly conscious of data privacy," she added.