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.
The world of eCommerce payments has evolved. As we look toward the latter half of this decade, we're witnessing a transformation in how digital commerce operates, with a clear shift toward localized payment solutions within a global marketplace. The numbers tell a compelling story. According to Juniper Research's latest analysis, global eCommerce transactions are set to reach $11.4 trillion by 2029, marking a 63 percent increase from $7 trillion in 2024. This growth isn't just about volume – it's about fundamental changes in how people pay for goods and services online. Perhaps most striking is the projected dominance of Alternative Payment Methods (APMs), which are expected to account for 69 percent of global transactions by 2029, with 360 billion transactions processed through these channels. eCommerce Payments Market Development What makes this shift particularly interesting is how it reflects the democratization of digital commerce. Traditional card-based systems ar...