The media industry has seen an increase in streaming video subscribers and TV viewership with COVID-19 stay-at-home orders. This good news has been offset by losses experienced from social distancing orders that caused sports and live entertainment event cancellations as well as venue closures. Going forward, media companies will need to seek new opportunities for growth, in addition to managing cost.
Insight
Media companies will need to seek new opportunities for growth, in addition to managing cost, in response to COVID-19.
