UK media and entertainment market is driven by the rising UK film industry

UK media and entertainment market is projected to grow at a significant CAGR of around 8.3% during the forecast period (2020-2026). UK is one of the most promising nation in terms of the media and entertainment industry in Europe. The major factors that are driving the growth of the UK media and entertainment industry includes the rise in the demand for over-the-top (OTT) media services and the huge market for sports. Moreover, the country has witnessed a rise in the film industry in the recent past. The publication of short films on OTT media platforms is gaining a huge growth in the country. 

Browse the full report description UK Media and Entertainment Market Size, Share & Trends Analysis Report by Type (Online/Digital Platform and Offline Platform) and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/uk-media-and-entertainment-market

According to the British Film Institute, in 2018, UK box office receipt was estimated at around $1.4 billion, an increase from 0.2% in 2017. Moreover, there were the highest cinema attendances in UK in 2018 since 1970, accounting for nearly 177 million attendances, up from 3.7% in 2017. The British Film Institute has declared the populace admire more of UK-based films as compared to UK independent films in the country. In 2018, the box office share of UK films was around 46.1%, whereas UK independent films box office share was estimated at 13.2%. Therefore, the growth of UK film industry will drive the UK media and entertainment market during the forecast period. 

Market Coverage

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment dominates the market in base year?
• Which segment will project fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?

o Recovery Timeline

o Deviation from pre-COVID 

o Most affected segment

o Recommendations 

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

UK Media and Entertainment Market – Segmentation

• Online/Digital Platform

o Radio & Music

o Digital Signage

o Theatrical Productions

o Gaming

o Video Streaming

o Others (Virtual Reality and Podcasts)

• Offline Platform

o Events and Trade Shows

o Amusement Parks

o Others (Newspaper/Magazines)