Skip to main content

Digital Media Revenue Set for Explosion

With entertainment giants having woken up to the online and other new business opportunities, digital revenue could grow as much as 40 percent on a compound annual basis between 2005 and 2010 for sector biggies, Merrill Lynch analyst Jessica Reif Cohen said in a report Wednesday. Time Warner has a leg up on its peers in the field, but News Corp. is aggressively investing, and Viacom Inc. and the Walt Disney Co. also are increasingly looking for ways to expand in the digital space, the report found. This means that overall, the financial impact for the big entertainment players could become significant during the next three to five years, the report suggests. In presenting her report to attendees of the annual Merrill Lynch Media & Entertainment conference in Pasadena, Calif., Reif Cohen said that estimating the market opportunity remains difficult as companies have so far disclosed few financials about their digital businesses.

Popular posts from this blog

$4 Trillion Digital Transformation Upswing

As a C-suite leader, you're constantly bombarded with investment opportunities. In today's large enterprise arena, few initiatives hold the same potential as Digital Transformation (DX). Yet, securing ongoing buy-in from the board and other key stakeholders hinges on a clear understanding of market momentum and the return on investment that DX promises.  A recent IDC worldwide market study sheds valuable light on this critical topic. Let's delve into some key takeaways and explore what they mean for your organization's tech strategy. Digital Transformation Market Development The IDC study describes a market surging toward investment adoption maturity. Worldwide spending on DX technologies is forecast to reach $4 trillion by 2027, reflecting a compound annual growth rate (CAGR) of 16.2 percent. This exponential growth signifies an opportunity for industry leaders to leverage digital business tools and strategies to gain a competitive edge, with Artificial Intelligence (A