Qyou Media (QYOU)

[1 day sun 4 all]

PALM BEACH, Florida, April 12, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary

The global digital content industry continues to steadily grow as more consumers are getting their content digitally through streaming and the web, as opposed to traditional media forms. Worldwide, PwC expects entertainment and media revenue to rise from $1.8 trillion in 2016 to $2.2 trillion in 2021, representing a compound annual growth rate of 4.2%. For the U.S., revenue is projected to grow more slowly: increasing from $635 billion in 2016 to $759 billion by 2021, a CAGR of 3.6%. Two of the fastest-growing entertainment and media segments are VR and eSports, according to the PwC report. As previously mentioned, the main driver in this growth is changing habits of consumers, as more and more people are opting for digital mediums as opposed to traditional print and television media. Additionally, the enhanced streaming platforms are allowing industry leaders to develop global markets through distribution. Active companies today include: QYOU Media Inc. (TSX-V: QYOU) (OTC: QYOUF), Lions Gate Entertainment Corp. (NYSE: LGF.A), Twenty-First Century Fox Inc. (NASDAQ: FOXA), Viacom Inc. (NASDAQ: VIAB), The Walt Disney Company (NYSE: DIS).

http://www.prnewswire.co.uk/news-releases/multi-billion-dollar-digital-content-industry-swells-as-consumers-media-consumption-intensifies-679508143.html