Pricewaterhousecoopers (is that one word?) is upbeat about the future of media and entertainment, and even says despite a “triple whammy” the sectors have grown during the past year.
Forecasting continued growth, PricewaterhouseCoopers anticipates that global E&M spending will reach $1.4 trillion in 2006, for a 5.2 percent compound annual growth rate (CAGR) over the next five years.
Update: I’ve seen another souce refer to this report as “subdued” rather than up-beat. I guess 5.2 percent growth is anemic. However, in the context of the past 18 months, it sounds downright giddy to me. Anyway, when was the last time one of these analyses was anywhere near being accurate?