Asia's media and entertainment industry heading for V-shaped recovery?
January 27, 2021 Unsplash Over the past year, the entertainment sector has been one of the worst-hit industries globally. Live concert and movie box-office sales collapsed as theatres shuttered in the wake of nationwide lockdowns and coronavirus containment measures. However, in a number of Asia-Pacific markets like Japan, China, Taiwan and Australia, where outbreaks have been controlled and infection levels have fallen significantly, theatre-goers have been returning - some in droves. Although the global box office shrunk 70 per cent in 2020 to US$12.4 billion (S$16.4 billion), Asia-Pacific ...
Source: asiaone.com