PwC's global media outlook: $2 trillion in 2011

June 22, 2007 The global entertainment and media industry will expand at a 6.4% compound annual growth rate over five years to hit $2 trillion in 2011, according to a PricewaterhouseCoopers report released Thursday. The increase projected in "Global Entertainment and Media Outlook: 2007-2011" compares with the compound annual growth rate of 6.6% that last year's report predicted for the 2006-10 time frame. The U.S. will remain the biggest but also the slowest-growing media market in the world, expanding at an estimated 5.3% compound annual growth rate to hit $754 billion in 2011, the global consultancy projects.

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