INDUSTRY FOCUS
SPORTS, ART & ENTERTAINMENT
OVERVIEW
The arts, entertainment, and recreation industry in the US experienced significant growth from 2021 to 2022, with a market size increase of around USD 70 billion. By 2022, the total market size of the industry reached approximately US$379 billion, and it is projected to further expand to US$422.71 billion in 2023.
This industry encompasses various sectors, including arts, entertainment, recreation, gambling, spectator sports, and amusement parks, among others.
TRENDS & CHALLENGES
The arts, entertainment, and leisure sector in the US is constantly evolving to adapt to technological advancements, changing consumer behavior, and the promotion of diversity and inclusion.
Challenges within the industry include the protection of intellectual property, combating piracy and copyright infringement, and addressing unauthorized distribution of content. Utilizing data analytics and artificial intelligence can enable businesses to personalize offerings, enhance audience engagement, and provide customized event experiences.
FUTURE FORECAST
Digital transformation will continue to shape the industry, with technologies such as Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR) playing an increasing role in entertainment experiences. Live events and experiences will remain highly valued, even in the digital era.
Localization and cross-cultural collaborations will enable artists and organizations to reach diverse global audiences, facilitated by streaming platforms and digital distribution. Environmental sustainability will also become more important, with a focus on adopting green practices and addressing social issues.
INDUSTRY PERFORMANCE
8.0X
EBITDA MULTIPLE
6.38X
SALES MULTIPLE
Disclosure: These key performance indicators are based on industry averages for a company with $10 million in revenue. The KPIs are not specific to the operational performance of your company or your sub-sector.
The information contained has been obtained from different sources deemed reliable, including DealStats, Deloitte, Dun & Bradstreet, and Business Reference Guide. Pacifica Advisors does not make any representation or warranty as to the accuracy of the data. PA is a mergers and acquisitions (M&A) advisor and business broker.