While the worries over inflation and other macroeconomic uncertainties are expected to keep the entertainment industry under pressure, enhanced user experience by integrating emerging technology makes the industry’s long-term prospects bright. Given the backdrop, it could be worth watching Sony Group Corporation (SONY) and LiveOne, Inc. (LVO) for attractive buying opportunities.
According to Statista, total revenue in the entertainment market is expected to grow at a 10.5% CAGR to $48.76 billion by 2027. The growth can be attributed to various factors, including the increasing popularity of streaming services, increased demand for live events and concerts, and technological advancements.
