UK Entertainment Market Size, Industry Trends, Share and Forecast 2019-2025

Posted October 29, 2020 by mansi3210

UK Entertainment Market Size, Share & Trends Analysis Report by Type , Impact of COVID-19 on UK Entertainment Industry, and Forecast 2019-2025

UK entertainment industry is expected to see a CAGR of 8.3% during the period (2019-2025). UK entertainment industries are severely hit by the COVID-19 pandemic. Partial and complete lockdown from the UK government has hit the entertainment industry. Stern measures from the Government of UK were taken due to growing positive COVID-19 cases and rising mortalities in the region. Major theatres, sports events, and amusement parks have been shut down to contain the COVID-19 pandemic. However, the online video streaming industry is projecting a considerable growth in UK. According to the European Audiovisual Observatory, UK, with 2,841 titles, by far, the country with the most titles available on subscription video-on-demand, almost twice the number of titles available in Germany. With the outbreak of the COVID-19 pandemic, access to online video streaming has increased substantially in the country. As the online video streaming industry was already projecting a growth pre-COVID-19; however, post-COVID-19, the industry will propel with a double-digit growth rate during the forecast period.

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UK entertainment industry is segmented into online video streaming, amusement parks, theatrical & film productions, sports, and live events and trade shows. Based on the segmentation, the live events and trade shows industry is expected to get highly affected due to the outbreak of a pandemic. The major factor for the downfall of the live events and trade shows industry includes stern government restrictions for the travel and tourism coupled with the practice of social distancing, regarding the rapidly spreading COVID-19 across the globe. It is expected that the restrictions on large gatherings will be in place for some more time, which will result in lower attendance at events. Moreover, the amusement & theme parks is another industry vertical significantly affected by the COVID-19 pandemic. Theme parks across the globe have been closed to prevent the COVID-19 pandemic.

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Verticals Affected Most

• Online Video streaming
• Amusement Parks
• Theatrical and Film Production
• Sports
• Live Events and Trade Shows

Company Profiles

• Aardman Animations, Ltd.
• Alton Towers Resort
• Big Talk Productions Ltd.
• Blackpool Pleasure Beach
• Cineworld Group PLC
• Cloud Eight Films
• Live Events Ltd.
• Paultons Family Theme Park
• Penguins Ltd.
• The Karma Group of Co.
• Thorpe Park Resort

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Categories Business , Entertainment , Multimedia
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Last Updated October 29, 2020