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Welcome to the Australian Entertainment & Media Outlook 2020-2024, the 19th edition published by PwC Australia.
Like everything in 2020, this year’s Outlook is a little bit different. Amid the pandemic-induced economic shock in Australia, the entertainment and media industry is rapidly transforming. While some changes are likely temporary, COVID-19 has brought the future forward as shifts in consumer habits and advertising investment amplify and accelerate existing trends, and forge new opportunities for consumers, media and entertainment companies alike.
This year’s Outlook focuses on the impact of COVID-19 on consumption habits, consumer revenue, and advertising revenue across 12 segments, and the industry as a whole. The Outlook presents three possible paths of recovery and their implications. Specifically, the three scenarios that we have mapped this year are as follows:
- Positive: A more rapid return to pre-COVID-19 advertising and consumer expenditure, opening of international borders and minimal ongoing negative impact from the pandemic.
- Gradual: Approximately 18-24 months of recovery, with modest return to pre-COVID-19 trajectory, depending on structural impacts of the pandemic on the specific sector within the industry
- Negative: Primarily linked to health factors, this scenario is based on a number of factors including an ongoing international lockdown, negative business sentiment and delayed vaccine implementation.
Download the Australian Entertainment & Media Outlook 2020-2024 report
https://www.pwc.com.au/industry/entertainment-and-media-trends-analysis/outlook.html