Monday, November 23, 2020

Binge watching on streaming video surges during pandemic. But will binge on binge-watching survive Jobkeeper tapering in March?

A report by advisory firm PWC has found that spending on video-on-demand services has surged during the pandemic while traditional media has seen advertising revenue crushed. 

Like most parts of the economy, Australia's media and entertainment sector has been hit hard by the pandemic as advertising revenue continues to sink. 

PWC's annual media & entertainment outlook has found demand for streaming services for binge-watching of TV blockbusters, movies, sport has boomed. 

But PWC partner Justin Papps tells ABC's Peter Ryan there are signs the spending surge could be hit when emergency measures like JobKeeper are tapered back in March.

Here's my regular Monday Finance report with Fran Kelly on ABC Radio National

I also spoke with Sabra Lane on AM


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