Radio / Television News

Film industry’s forecast is bright, says PwC


TORONTO – With the Toronto International Film Festival just days away, the film industry’s future both here and abroad looks bright, according to new data from PwC.Global consumer spending on filmed entertainment will grow at a 5.9% compound annual rate over the next five years, reaching US$114.8 billion in 2015 from $86.2 billion in 2010, the company predicts.  Producers from emerging markets like China, Vietnam, Romania, Russia and India will see high compound annual growth rates ranging from 10% - 26%, between now and 2015.  At the same time, markets in North and South America, Europe and the Middle East...