Over the past decade, the media and entertainment industry has experienced remarkable growth, both in terms of revenue and job creation on a global scale. With the advent of digital platforms and proliferation of streaming services, revenues in this sector have surged dramatically. From Hollywood blockbusters to independent films, from cable television to online streaming platforms, the diversification of content has attracted audiences worldwide, boosting profits. Additionally, the rise of social media and user-generated content has revolutionized the way people consume entertainment, further fuelling the industry's growth.

This expansion has not only led to an increase in revenue but has also created millions of jobs across various sectors including film production, content creation, advertising, and digital marketing. Moreover, the evolving nature of technology continues to reshape the landscape, presenting new opportunities and challenges for both established companies and emerging talents in the media and entertainment industry. New technologies like artificial intelligence (AI), virtual reality (VR), augmented reality (AR), and blockchain are disrupting the industry further, offering new ways to create,distribute, and monetize content.

CONVERGENCE OF ENTERTAINMENT SECTORS

The convergence of video games, eSports, VFX (Visual Effects) production, sports, live entertainment, experiential, film, TV, within the media and entertainment industries has been a prominent trend in recent years, driven by technological advancements and changing consumer preferences. This convergence has led to numerous opportunities for collaboration, innovation, and the creation of immersive experiences across various media platforms that engage audiences in new and exciting ways.