Broadcast and Entertainment: 2013 in Review & the Year Ahead
As the new year begins, we would like to share some thoughts about the trends that we witnessed in 2013 that we believe will impact content distribution, content creation and broadcasting in the year ahead.
The once epic battle for the living room has shifted dramatically to multiple screens as consumers embrace multi-tasking, social networking, second screen apps and gaming while "watching TV." Tablets and smart-phones will have more importance than ever, and more "winners" will emerge as new technologies and apps flourish.
Content creators and rights owners should continue to benefit from the proliferation of distribution: over-the-top platforms, international market growth and the prospect of new business models that capture ever-increasing consumer demand for content.
Broadcasting & Cable Networks
Television advertising will remain healthy despite continued slow declines in audience ratings. Election year 2014 political campaign spending may hit an all-time high this year in the highly partisan political climate, and Winter Olympics ads are expected to do well.
Broadcast Station Groups
Continued broadcast station consolidation will be driven by increasing re-trans fees, dependable ad revenue with upside during political years and anticipated spectrum ownership regulatory changes.
Global Co-Leader of Corporate Finance & Restructuring, FTI Industry Initiative Leader
Senior Managing Director, Global Leader, Telecom, Media & Technology
Senior Managing Director