U S CEOs stay confident despite political turmoil
PwC's CEO survey shows U S leaders' optimism about global growth more than doubling to 59 percent and short term revenue growth to 52 percent for 2018 despite Trump era tensions. Survey of 1,300 CEOs in 85 countries cites resilient focus, growth strategies, and tax cuts shaping outlook.
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PwC sees U.S. entertainment media growth to 2021
PwC projects total U S entertainment and media spending rising from 635 billion in 2016 to 759 billion in 2021 with newspapers and traditional TV likely to shrink while books and movie theaters grow about 1 percent annually. Growth hinges on Internet ads streaming video and interactive digital fields like VR video games and e-sports as investors remain bullish on games despite VR headsets lagging.
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Global Entertainment and Media Outlook
Netflix hikes price but adds 8.3 million subscribers in Q4 2017
Netflix reports 8.3 million new subscribers October to December 2017, beating its 6.3 million target and Wall Street estimates. Net income rose to 186 million on revenue of 3.29 billion, while price increases for new and existing members appeared well received by investors.
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