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Asia's media and entertainment industry heading for V-shaped recovery?


January 27, 2021
Unsplash
Over the past year, the entertainment sector has been one of the worst-hit industries globally. Live concert and movie box-office sales collapsed as theatres shuttered in the wake of nationwide lockdowns and coronavirus containment measures.
However, in a number of Asia-Pacific markets like Japan, China, Taiwan and Australia, where outbreaks have been controlled and infection levels have fallen significantly, theatre-goers have been returning - some in droves.
Although the global box office shrunk 70 per cent in 2020 to US$12.4 billion (S$16.4 billion), Asia-Pacific accounted for 51 per cent of the total, according to data from Comscore and Gower Street Analytics. ....

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