Tuesday, 11 September 2012

Book Review: Outlook: Australian Entertainment and Media 2012-2016

In an evening hosted by the Masters of Marketing Discipline at the University of Sydney, Megan Brownlow, Executive Director and Editor at PwC presented an interesting recently released report: Outlook: Australian Entertainment and Media 2012-2016 at the PwC head office in Sydney. Megan was one of three panelists to present at The Changing Media Marketplace night which attracted over 70 attendees from industry and academia.

Topics that Megan discussed included:
  • Entertainment and Media growth rates: Australia’s growth rate is 4.1%, which is about a third higher than that of Japan, but much lower than other Asia Pacific countries, including Vietnam, Indonesia, China, India, and Pakistan.

  • Internet advertising spend in Australia had a compound annual growth rate (CAGR) of 12% in 2011. The 2011 CAGR for advertising spend in consumer magazines and newspapers showed a negative growth and is projected to drop further in the following five years.

  • IPTV (Internet Protocol Television) provides a clear cost and convenience advantage over free to air television. Many Australian households already have the hardware to support this media format. Appealing content offerings will be paramount to securing new customers in the coming years.
PwC generously donated a copy of the highly sought after Outlook: Australian Entertainment and Media book as a lucky door prize. For more information about Outlook: Australian Entertainment and Media 2012-2016, 11th edition go to http://www.pwc.com.au/industry/entertainment-media/publications/outlook/index.htm

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