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Not a great outlook for traditional media…signs of recovery may be exaggerated

its just a flesh wound...The migration to digital entertainment will accelerate as companies seek efficiencies in advertising and distribution in a downturn and consumers want greater control and higher value, according to PricewaterhouseCoopers’ Global Entertainment and Media Outlook: 2009-2013, released on Tuesday. – Reuters

‘The [PWC] report describes a profound structural shift to more efficient digital ad models, and it warns, “This in turn may result in a permanent reduction in total advertising spend, as dollars formerly ‘wasted’ through inaccurate targeting are saved and reallocated to other priorities.”’ – Media Life Magazine

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