PricewaterhouseCoopers

  1. Study: Global Entertainment Industry Poised to Top $2 Trillion in 2016

    June 05, 2013 11:39 AM EDT Services like Netflix and Hulu will help keep the U.S. as the biggest entertainment market in the world for the foreseeable future, says PricewaterhouseCoopers. Despite headlines extolling the booming entertainment and media markets of China, Br ...

  2. Ontario Government Announces Formation of $45 Million Ontario Music Fund

    May 01, 2013 4:16 PM EDT The day before the Liberals present the 2013 budget to the Ontario Legislative Assembly May 2, Finance Minister Charles Sousa and Minister of Tourism, Culture and Sport Michael Chan announced the creation of the Ontario Music Fund. The proposed ...

  3. U.S. Internet Ad Revenue Hits Record $31 Billion

    April 19, 2012 7:12 AM EDT NEW YORK (AP) -- Revenue from Internet advertising in the U.S. hit a record $31 billion last year, according to a study released Wednesday. That's up 22 percent from $26 billion in 2010, the previous record. The Interactive Advertising Bureau ...

  4. Entertainment Merger and Acquisition Activity to Pick Up in 2012 (Report)

    January 24, 2012 7:54 AM EST When you strip out value related to the gigantic marriage of Comcast and NBCUniversal, merger and acquisition activity fell slightly in the entertainment and media industries in the U.S., but it should pick up in 2012. According to a Pricewaterhou ...

  5. Guy Hands Launches New Lawsuit Against Citigroup Over EMI

    September 08, 2011 2:05 PM EDT Terra Firma chairman Guy Hands has instigated legal proceedings against Citigroup over the way it acquired EMI, according to reports. U.K. newspaper The Guardian claims Hands has applied to the high court requesting information about the condition ...

  6. Video Game Sales Hit Four-Year Low in May

    June 15, 2011 7:32 AM EDT NEW YORK - The video game industry in May hit its lowest monthly U.S. retail revenue from physical product since Oct. 2006. Total games sales of $743.1 million, including hardware, software and accessories, compared with $866.8 million in the year ...

  7. PriceWaterhouse Predicts Rebound in Entertainment, Media Spending, But Not Music

    June 14, 2011 6:27 AM EDT NEW YORK -- The five-year growth outlook for the entertainment and media industry is better this year than last amid economic improvements, a rebound in advertising and continued technological change, including the wider availability of tablet com ...

  8. Internet Ad Revenue Hits New High

    May 27, 2011 7:45 AM EDT Revenue from online advertising spiked to a new high in the first quarter of 2011, according to data released today by the Interactive Advertising Bureau and Pricewaterhouse Coopers. Internet ads for the quarter brought in $7.3 billion, a 23% incr ...

  9. Online Ad Revenues Hit Record High: Report

    April 14, 2011 8:50 AM EDT Advertisers spent a record $26 billion in the U.S. marketing their wares online last year, putting the Internet ahead of newspapers for the first time. The 15 percent year-over-year surge in online advertising put the Internet second to television ...

  10. How Citigroup Outfoxed Guy Hands In Its Takeover Of EMI

    February 03, 2011 2:15 PM EST While press reports on Citigroup's takeover of EMI are rife with phrases about how the bank "seized control" (New York Post) in a "surprise move" (Los Angeles Times) that apparently caught Terra Firma chairman Guy Hands of ...

  11. Entertainment And Media Deals Lead 2010 Mergers and Acquisitions

    January 28, 2011 6:54 AM EST U.S. entertainment and media industry merger and acquisition activity rose slightly in 2010 when looking at the number of deals and outpaced the overall U.S. deal market, according to PricewaterhouseCoopers. However, the total value of completed i ...

  12. Analysis: Why a Pandora IPO Would Work

    December 22, 2010 12:00 AM EST While 2010 lacked the type of big-dollar digital music deals of earlier years, 2011 may be different. Personalized online radio service Pandora is said to be considering a mid-2011 initial public offering, according to TechCrunch . These rumors ha ...

  13. Record Web Ad Spend For First Half

    October 12, 2010 12:00 AM EDT The recession doesn't exist on the Web. At least based on the momentum surrounding online advertising, which is back to it's pre-downturn, every-quarter-sets-a-record ways. Advertisers spent $12.1 billion on the Web during the first half ...

  14. Business Matters: Live Nation, Swedish Sales, Spotify

    July 16, 2010 12:00 AM EDT -- Live Nation 's stock closed Thursday down 10.85% to $10.19. During the afternoon it was down as much as 16%. Investors fled when the company revealed the extent of its summer concert woes during an investor and analyst meeting, although th ...

  15. Analysis: Five Reasons To Doubt PWC's New Report

    June 16, 2010 12:00 AM EDT For years the record industry has hoped revenues will bottom out and growth will return to beleaguered record labels. According to a new PricewaterhouseCoopers report, the low mark will come in 2013. However, the report has enough flaws to temper ...

  16. U.S. Digital Sales 'To Overtake Physical In 2011'

    June 15, 2010 12:00 AM EDT PricewaterhouseCoopers' "Entertainment and Media Outlook for 2010-2014" projects global spending on recorded music of $27.9 billion by 2014. This would be 19% below the 2005 level, the PricewaterhouseCoopers report states. It said t ...

  17. U.K. Fabric Nightclub Up For Sale

    June 04, 2010 12:00 AM EDT The parent company that owns London's Fabric nightclub, one of the U.K. capital's most popular dance clubs, has been placed into administration. London-based PriceWaterhouseCoopers (PwC) has been appointed administrators of club operator ...

  18. Web Ad Market Shows Signs Of Life

    May 13, 2010 12:00 AM EDT The online advertising market is showing signs that it's returned to a growth trajectory. The Interactive Advertising Bureau tallied a 7.5 percent rise in first-quarter U.S. online ad spending compared to the same period a year ago. According ...

  19. Gen X, Y Pave The Way To Economic Recovery

    March 09, 2010 12:00 AM EST Baby boomers led the U.S. out of a downturn in the last two recessions, but this time around, it will be Gen Xers and millennials paving the way to economic recovery, according to a new report issued by PricewaterhouseCoopers today. The study -- c ...

  20. Analysis: The Potential In Live Nation Entertainment

    January 27, 2010 12:00 AM EST Here's the Live Nation-Ticketmaster merger in a nutshell: a company with nearly a 40% gross margin percentage and a slight but positive net profit (Ticketmaster) is going to build a live events powerhouse with a company with a 20% gross margi ...

  21. Music Biz Eyes Web Ads

    October 12, 2009 12:00 AM EDT As the recorded-music business continues its migration to the digital domain, and relies less on sales of physical music formats, the big companies in the sector are developing strategies that position advertising and branded content as core reven ...

  22. Recession? Not For Video Games

    June 16, 2009 12:00 AM EDT Economic uncertainty that is hampering most media won’t stop the growth in video games. Revenue generated in the U.S. and Canada by the video game industry, minus hardware sales, will grow at an average clip of 5.8% annually over the next five yea ...

  23. Report: Radio Ad Revenue To Continue Slide, Satellite Looking Up

    June 16, 2009 12:00 AM EDT Radio advertising revenue will continue its decline, while satellite radio and out-of-home media, like billboards, will continue to grow, according to PricewaterhouseCoopers media outlook released Tuesday (June 16). In general, all three media wil ...

  24. Business Briefs: EMI, Hastings, Ingrid Michaelson

    May 18, 2009 12:00 AM EDT -- A report says EMI is likely to sell off the Olympic recording studio in southwest London. ( Times Online ) -- Entertainment retailer Hastings reported net earnings of about $1.7 million for the three month period ended April 30, 2009. Revenues ...

  25. Ailing Zavvi Calls In Administrators

    December 24, 2008 12:00 AM EST U.K. entertainment retail chain Zavvi, has gone into administration, the U.K. equivalent of Chapter 11 bankrutcy protection. Administrators Ernst & Young said today they intended to trade the 114-store Zavvi UK with a view to selling all or pa ...

  26. Opinion: Rates Should Reflect Music's True Value

    August 18, 2008 12:00 AM EDT How successful would a nightclub be if it didn't play music? That was one of the questions facing Australia's Copyright Tribunal last year when it had to decide on setting a new royalty rate for nightclubs to pay for using recorded music ...

  27. Australian Biz Faces 5-Year Decline

    August 05, 2008 12:00 AM EDT The Australian recorded music market will continue to contract over the next five years, according to gloomy new analysis from PricewaterhouseCoopers (PWC). The consultancy today (Aug. 5) released the latest edition of its annual Australian Entert ...

  28. Report: Global Music Sales To Slip

    June 18, 2008 12:00 AM EDT A new report from PriceWaterhouseCoopers says global spending on recorded music will fall from $33.4 billion worldwide in 2007 to $32.5 billion by 2012, a .6% compound annual decline. That's for all formats of recorded music combined. Regiona ...

  29. Van Der Wal Named CFO Of Seatwave

    May 19, 2008 12:00 AM EDT Aksel Van der Wal has been named CFO of fan-to-fan ticket exchange Seatwave. He will be based in London and will report to the company's CEO Joe Cohen. Most recently, Van der Wal was CFO of Vodafone's Global Business Development unit whe ...

  30. Report: Music Biz To Slip Next Five Years

    June 21, 2007 12:00 AM EDT PriceWaterhouseCoopers forecasts that overall recorded music revenues in the U.S. will decline at a 0.4% compound annual rate over the next five years, amid the ongoing transition from physical to digital distribution. The consulting firm estimate ...

  31. Porter Takes Charge Of MCPS-PRS

    April 26, 2007 12:00 AM EDT The search for a successor to former MCPS-PRS Alliance chief executive Adam Singer is over. The U.K. collecting society today confirmed the elevation of Steve Porter to CEO, with immediate effect. Porter has served with the Alliance as managing di ...

  32. Analysts Predict Australian Industry Rebound

    August 03, 2006 12:00 AM EDT Indicate positive growth over the next five years. The revenue decline in Australian recorded music business will be halted this year and the business can then look forward to positive growth over the next five years. That’s the upbeat message fro ...

  33. Tower Confirms CEO Appointment

    July 28, 2006 12:00 AM EDT Interim CEO known as a turn around specialist. As expected (Billboard.biz, July 20) , Tower Records named Joseph D’Amico as interim CEO, succeeding Allen Rodriguez, who is leaving the chain, with the expiration of his contract. D’Amico, known as a ...

  34. EMI Recruits Carton As Non-Exec Director

    January 23, 2006 12:00 AM EST Kevin Carton has joined EMI Group as a non-executive director, with effect from Feb. 1. Carton was formerly global leader of PricewaterhouseCoopers' entertainment and media practice, where he advised Kevin Carton has joined EMI Group as a non ...

  35. EMI Recruits Carton As Non-Exec Director

    January 23, 2006 12:00 AM EST Kevin Carton has joined EMI Group as a non-executive director, with effect from Feb. 1. Carton was formerly global leader of PricewaterhouseCoopers' entertainment and media practice, where he advised Kevin Carton has joined EMI Group as a non ...

  36. Mobile Downloads Begin In Oz

    December 21, 2005 12:00 AM EST The mobile download market has taken a leap forward in Australia. From today (Dec. 21), users of telecommunication company Optus's 3G (third generation) service can download music tracks and videos to The mobile download market has taken a le ...

  37. Mobile Downloads Begin In Oz

    December 21, 2005 12:00 AM EST The mobile download market has taken a leap forward in Australia. From today (Dec. 21), users of telecommunication company Optus's 3G (third generation) service can download music tracks and videos to The mobile download market has taken a le ...

  38. Report: Indian Entertainment Biz Primed For Growth

    April 12, 2005 12:00 AM EDT The Indian entertainment industry is expected to grow 18% annually during the next five years, according to a report released April 4 by PricewaterhouseCoopers in association with the Federation of In NEW DELHI (The Hollywood Reporter) -- The Indi ...

  39. RIAA: CD Albums Show Growth In First Half

    October 20, 2004 12:00 AM EDT The U.S. music market in 2004 showed its first half-year total shipment gain in five years, driven by growth of CD albums, according to a new report from the RIAA. The U.S. music market in 2004 showed its first half-year total shipment gain in fiv ...

  40. Entertainment, Media Industry On The Rise

    June 29, 2004 12:00 AM EDT After three years of sluggish momentum because of economic and terrorism woes, the global media and entertainment industry is picking up speed, according to a new study. The industry is set to grow at After three years of sluggish momentum because ...

  41. Entertainment, Media Industry On The Rise

    June 29, 2004 12:00 AM EDT After three years of sluggish momentum because of economic and terrorism woes, the global media and entertainment industry is picking up speed, according to a new study. The industry is set to grow at After three years of sluggish momentum because ...

  42. Leher Brings Rolling Stones To Greenberg Traurig

    June 07, 2004 12:00 AM EDT Richard Leher, who has represented the Rolling Stones continuously for 24 years, has joined the law firm of Greenberg Traurig. Richard Leher, who has represented the Rolling Stones continuously for 24 years, has joined the law firm of Greenberg Tr ...

  43. UMG Sues Insurers Over Costs From TVT Case

    June 07, 2004 12:00 AM EDT Universal Music Group (UMG) has filed suit against three subsidiaries of New York-based American International Group Inc. (AIG): American Home Assurance Co., National Union Fire Insurance Co. of Pitts UMG Sues Insurers Over Costs From TVT Case NIP ...

  44. U.S. Music Shipments Fell 7% In 2003

    March 08, 2004 12:00 AM EST The value of total U.S. music shipments fell 7.2% in 2003, according to figures released last Thursday from the Recording Industry Assn of America. LOS ANGELES (Hollywood Reporter)--The value of total U.S. music shipments fell 7.2% in 2003, accord ...

  45. E.U. Set To Act On New Rules To Halt Piracy

    March 08, 2004 12:00 AM EST The European Union is expected to agree to new rules this week that will clamp down on movie and music pirates following a long legislative battle, according to the E.U. sources last Friday. <br clea Virgin, Fox Studio Drop Lawsuit, Settle Disp ...