The global entertainment and media industry is expected to record steady growth rates as more people are spending their time, attention, and money on immersive entertainment experiences. According to PwC, the industry’s revenues surged by 10.4% in 2021. Moreover, the industry is expected to approach $3 trillion in revenues by 2026.
The shares of the entertainment giant Netflix, Inc. (NFLX) jumped after the company reported lower than anticipated subscriber losses during the second quarter. NFLX only lost around 970,000 subscribers, compared to the 2 million it had projected earlier. The stock has gained 13.2% over the past month. However, the company is struggling to maintain its impressive pandemic-era growth.
