The entertainment industry has evolved dramatically over the past few years. The digital entertainment industry witnessed massive growth amid the pandemic, with soaring consumer demand for creative digital content. And the demand is expected to remain strong despite rising prices. According to The Motion Picture Association (MPA), the U.S. entertainment industry reached $36.80 billion in 2021, up 14% year-over-year.
The entertainment industry is expected to thrive given robust consumer demand and the resumption of several halted projects. In addition, according to Statista, over-the-top (OTT) media revenue is projected to reach over $224 billion by 2027, nearly double that of 2021.
