Thursday, June 13, 2013

Study: Media Digital Revenues To Overtake Traditional By 2015

The average revenue of media and entertainment (M&E) companies will shortly cross the 50% mark from majority traditional to majority digital, according to a new report, Digital Agility Now!

Creating a high-velocity media and entertainment organization in the age of transformative technology, released today by  Ernst & Young that surveyed more than 550 senior executives from global M&E companies.
The report concludes with an agility index that ranks the relative organizational agility of different M&E segments as well as enabling technology and digital leaders. The average score of all respondents is indexed to 100. A score of 110 denotes performance 10% above average; 90 is 10% below average.

Today, revenue from digital is 47% and survey respondents say that by 2015 it will account for 57% of revenue – thus making digital the new norm and the primary source of revenue for M&E companies.
  • Over 550 senior executives from global media and entertainment companies see 57% of their revenue coming from digital by 2015, up from 47% today
  • Organizational agility singled-out as a leading success factor in the digital era
  • Study indicates that “digital leaders” have embraced smart mobile-social-cloud and big data analytics technologies to achieve agility

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