According to a report produced by analysts at PricewaterhouseCooper, the UK’s entertainment and media market is expected to be worth £68.2 billion by 2020, overtaking Germany in 2017 to become the largest market in EMEA. Sales of music, film and theatre continue to rise each year. In China, film box office taking were $10.4 billion, surpassing America for the first time.
The entertainment industry is clearly a sector that G Entertainment wants to penetrate with a strong focus on those two territories. The Group therefore intends to make investments in the areas of film, theatre and music. Our next major theatre production is “42nd Street” showing in London’s famous West End at the Theatre Royal, on Drury Lane, which holds 2,200 seats. The latest spectacular production has a cast of more than 60 actors and actresses, a large orchestra and over 600 costumes. The legendary show was originally performed in London 25 years ago and ran for 5 years.
These investments, and the connections we make through investing, will also greatly enhance the opportunities offered by GE Membership Services.