{"id":791,"date":"2021-07-29T01:10:16","date_gmt":"2021-07-29T01:10:16","guid":{"rendered":"https:\/\/grandcityinvestment.com\/?p=791"},"modified":"2024-10-03T04:27:40","modified_gmt":"2024-10-03T04:27:40","slug":"hong-kongs-em-annual-growth-to-reach-us10b-in-2025","status":"publish","type":"post","link":"https:\/\/grandcityinvestment.com\/se_SP\/hong-kongs-em-annual-growth-to-reach-us10b-in-2025\/","title":{"rendered":"Hong Kong\u2019s E&M annual growth to reach US$10b in 2025"},"content":{"rendered":"

Hong Kong\u2019s E&M annual growth to reach US$10b in 2025<\/h1>\n
\n

The entertainment and media sector is amongst those hit hard by the pandemic.<\/span><\/em><\/strong><\/p>\n

Hong Kong\u2019s entertainment and media (E&M) sector\u00a0is expected to grow\u00a0US$10b annually by 2025, the PwC projected in its Global Entertainment & Media Outlook 2021-2025 report.<\/span><\/p>\n

The city\u2019s E&M revenue is seen to rise by 7.56% year-on-year (YoY)\u00a0to US$8.4b in 2021, rebounding from the US$7.8b revenue in 2020, which is an 11.1% YoY drop.<\/span><\/p>\n

\u201cRapid growth for industries was boosted in 2020 by the COVID-19 pandemic, as consumers flocked to digital platforms, fuelling a rebound in 2021,\u201d PwC Mainland China and Hong Kong Media Leader Cecilia Yau said. \u201cDriving this change in consumer behaviour, as they found new sources of internet-reliant entertainment.\u201d<\/p>\n

Digital platforms, such as OTT video, video games, and internet advertising, were not as severely affected by the\u00a0pandemic, compared to live music, cinema, and out-of-home advertising sectors.<\/p>\n

OTT video revenue in Hong Kong saw a\u00a0rapid growth through the year at a 10.32% Compound Annual Growth Rate (CAGR)\u00a0to hit US$305m in 2021 and projected at a 9.12% CAGR by 2025.<\/p>\n

Moreover, Hong Kong has a large video games market with total revenue reaching US$991m in 2020. The segment is poised for robust growth with revenue reaching US$1.2b at 4.11% CAGR in 2025.<\/p>\n

\u201cOTT and video games got a boost from the lockdown as online viewing habits stayed, OTT providers met the high demand by expanding the breadth and depth of content to lock in viewers,\u201d PwC Hong Kong Consulting Leader Edmund Lee\u00a0said.<\/p>\n

\u201cHong Kong OTT market remains saturated, so with little room for subscription growth, new revenue sources will come from the premium content bundle, higher definition or niche content offerings.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s E&M annual growth to reach US$10b in 2025 The entertainment and media sector is amongst those hit hard by the pandemic. Hong Kong\u2019s entertainment and media (E&M) sector\u00a0is expected to grow\u00a0US$10b annually by 2025, the PwC projected in its Global Entertainment & Media…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[555],"tags":[557,559,558,556],"class_list":["post-791","post","type-post","status-publish","format-standard","hentry","category-hong-kong","tag-hong-kong","tag-hong-kongfinance","tag-hong-kongnews","tag-hong-kongs-em-annual-growth-to-reach-us10b-in-2025"],"yoast_head":"\nHong Kong\u2019s E&M annual growth to reach US$10b in 2025 - Grand City Investment Ltd<\/title>\n<meta name=\"description\" content=\"Hong Kong\u2019s E&M annual growth to reach US$10b in 2025The entertainment and media sector is amongst those hit hard by the pandemic.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/grandcityinvestment.com\/hong-kongs-em-annual-growth-to-reach-us10b-in-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hong Kong\u2019s E&M annual growth to reach US$10b in 2025 - 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