Digital entertainment ballooned in 2021: MPA report
(Disney via AP) (Pixar)NEW YORK — (AP) — Before the pandemic, the theatrical and digital markets for entertainment were roughly similar in size. Last year, however, digital revenue was more than three times that of global box office, according to a new report by the Motion Picture Association. In 2021, the digital market accounted for 72% of the combined theatrical and home market. In 2019, digital accounted for $45.5 billion worldwide; last year it ballooned to $71.9 billion. In 2021, streaming subscriptions rose to 1.3 billion globally, a 14% increase from the year before.
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