Entertainment
The State of Media & Entertainment Report: H1 2023
January 2023
Report summary
For more recent data and analysis, see The State of Media & Entertainment Report: H2 2023.
With the economy not likely to improve much in the near term, media executives should brace for some consumers to be even choosier with their entertainment expenditures in 2023.
Key Takeaways
- Boom times for video streaming are over: Lower-priced ad tiers will only help so much, making it imperative for streamers to be able differentiate themselves through areas like live content and free ad-supported streaming TV options.
- Winning the short-form video race remains paramount for social media players: Startups like BeReal and Post News have gained popularity, but it’s unclear any new player will establish itself as a creator economy pillar like TikTok has. None of the TikTok copycat products have managed to usurp Bytedance’s service in the minds of Gen Zers.
- Video game IP needs more attention from media companies: The consumers who spend the most time gaming also tend to be much more interested in moviegoing and video streaming than the average adult, so more content geared toward gamers should be developed.
- Newer digital audio initiatives are far from monetizing the average consumer: While some consumers do regularly use social audio services like Clubhouse and pay for podcast subscriptions, they’re the exception rather than the rule.
Methodology
The research fueling this project was drawn from surveys fielded regularly between June and December 2022, among representative samples of roughly 2,210 U.S. adults, with unweighted margins of error of up to +/-2 percentage points.
About the author
Kevin Tran
Senior Media & Entertainment Analyst
Kevin Tran previously worked at Morning Consult as the senior media & entertainment analyst.
