Accounting giant PricewaterhouseCoopers report that many commentators found an unexpected financial problem. While other sectors are feeling the pinch of the economy becomes more uncertain, predicting that the entertainment industry with an increase in PwC has increased by nearly 7% over the next five years experience .
The inclusion of a large international study, PwC said that despite the overall values for the fall bedrijven multimedia aandeel by 13% since the beginning of the year, at the end of 2012 the global industry Entertainment will be worth more than £ 1.1 trillion. The report is not all a bed of roses, however. The author, Marcel Fenez places a clear warning to producers, managers and chief executives. “We used to have on the survival of the fittest,” he starts talking, but I think it is now very happy if we work together as different parts of the media value chain to effectively use opportunities available on the market. ”
The results of the bank Fernez in sharp contrast with the results in a BBC report, published today found. The article begins with the statement: “The British Chamber of Commerce (BCC) showed that the quarterly report to the credit crunch and rising costs were the main economic sectors. Although the study focused on 5,000 small businesses across the UK, the long-term impact on the overall economy are obvious. The financial adviser to the BCC, David Kern, even claimed: “We are now facing serious risks of recession”
The conclusions of PwC in a much more comprehensive than those carried out by the BCC. With a nod to the appetite of developing countries, the report goes to the relocation of many companies in the entertainment industry from west to east. In just the past few months at the most famous Hollywood director Steven Spielberg, DreamWorks moved his company to Paramount Pictures in a 300 million pounds funding agreement with India, Reliance ADA Group.
It seems that the lesson of PwC, as well as the future that most of the entertainment field, be sure to adapt, prosper. Nor, it seems, can multi-media conglomerates, TV companies, record companies and theaters have been isolated in the West-centric, but the interaction attentive prosper against the sad reality of the threat of economic recession . If the study is Fernez believe that, come 2012, everything that the show business are great Global Finance and its bedfellows are updated.