South Africa s biggest entertainment markets

Say goodbye to Blu-ray and hello to YouTube, as online media is set to be the world's and South Africa's biggest entertainment and media market by the end of the decade.

This is according the PwC Global Entertainment and Media Outlook 2015-2019 report, which details the projected growth for entertainment and media segments for the next few years.

According to PwC, South Africa's entertainment and media industry is expected to grow from R112.7 billion in 2014 to R176.3 billion in 2019, at a compound annual growth rate (CAGR) of 9.4%.

This growth will be fuelled by digital spend, as South Africa's Internet access market continues to rise rapidly.

Here is a breakdown of the biggest global entertainment and media markets in the world - and how they will fare in the local economy, according to PwC.

Music

The music industry is in for a tough time, as revenue from recorded music is expected to decline through to 2019. However, the losses will be somewhat offset by increased revenue from live performances.

The overall music industry will see CAGR of 0.8% through to 2019, totaling around $47 billion.

Live shows will account for $30 billion (up from $26 billion in 2014), and recorded music will add over $17 billion (down from $19 billion in 2014).

In South Africa: growth will remain muted to hit R2.1 billion in 2019, up only slightly from R2.01 billion in 2014, with revenue from live music expected to grow at a CAGR of 7.9% in the next five years - reaching R1.5 billion in 2019, up from R1 billion in 2014.

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Cinema

Hollywood and other global film markets are expected to show healthy growth over the next few years to hit $104.6 billion by 2019.

Under half of this amount ($48.5 billion) will come from the box office.

Physical media is expected to continue its decline (with more brick and mortar stores expected to shut down), while electronic home media, such as streaming services, are expected to double.

In South Africa: box office revenues are steadily increasing at a CAGR of 3% to reach R972 million by the end of the forecast period.

Pay-TV

Global pay-TV subscriptions are set to reach a market value of $243.8 billion by 2019.

There will be a big rise in the number of smartphones and tablets connecting to TV services, and more content outlets will become available - forcing service providers to shake up their business models.

In South Africa: combined revenue from TV subscriptions, advertising, and licence fees is projected to reach R40.9 billion by 2019.

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