Electronic home video is expected to overtake physical home video in 2015, according to PwC’s new Global Entertainment and Media Outlook 2015-2019.
Overall, electronic home video revenue is projected to rise from $8.4 billion in 2014 to $16.54 billion in 2019, a CAGR of 14.6 percent. The report also finds that electronic home video ($12 billion) is expected to surpass box office ($11.8 billion) as the lead revenue driver by 2017.
In other areas of entertainment, however, while global revenue from digital media is expected to generate stronger growth, non-digital media is still projected to be the significant contributor of global consumer revenues in 2019.
Indeed, a key takeaway of this multifaceted environment is the resilience – and in some cases resurgence – of some traditional media, including shared, live experiences. In the US, spending on live music ticket sales (4.4. percent CAGR) and cinema box office (4 percent CAGR) is expected to outpace overall US consumer spending at 2.9 percent by 2019. US digital spending is expected to grow at 11.1 percent CAGR over the next five years and account for 46 percent of overall U.S. E&M spending growth, up from 34 percent in 2014.