In Depth: Niche lines - The media sector after Covid-19
The entertainment and media sector was massively impacted by Covid-19 as many events and productions ground to a halt. As it recovers, Ed Murray looks at changing risk profiles and challenges brokers need to factor in when placing business in the space
In its recent research paper, UK Entertainment and Media Outlook 2022-2026, consultancy PwC said: “While there is short-term uncertainty in the market, there is greater confidence and growth to be found in the long-term direction of the UK’s entertainment and media industry.”
PwC said the UK entertainment and media sector would achieve annual revenue of £96bn by 2026, putting it in the top spot for Europe.
But as the sector recovers from the pandemic and leans into a cost-of-living crisis
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