Total entertainment and media revenue in China is expected to increase at a compound annual growth rates (CAGR) of 3.6% over the next five years, which is higher than the global average of 2.8%, according to the latest report by PwC.
Digital revenues experienced a drop in 2020 but are expected to grow at 5.4% by 2024, according to PwC. By industry segment, digitally-driven segments will see the most vigorous growth. Virtual reality (VR), OTT, video games, and eSports will take the lead in China.
China’s OTT video market will become increasingly mature, with 12.2% CAGR
China’s movie revenue in the cinema will rebound rapidly to reach 37.8% CAGR
China’s esports revenue has surpassed the United States and South Korea in 2019, becoming the world’s largest esports market.
In 2020, China’s internet advertising revenue will reach US$66.3 billion, with a 7.7% CAGR from 2020 to 2024.
OTT Video
China OTT video revenue reached US$7.7 billion in 2019, the second-largest marke...
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