Entertainment and media industries to lose billions of dollars in 2020

According to the forecasts included in the PwC report ‘Global Entertainment & Media Outlook 2020-2024’, the revenues of the media and entertainment sector will decrease by $120 billion compared to 2019. This means a decrease of 5.6 percent y/y. The scale of the problem is perfectly illustrated by the fact that it collapses it is deeper than the one associated with the 2009 recession. Then the media and entertainment decreased by 3 percent.

In Poland, the industry's revenues will shrink by 5.4…