Insight

A new reality for media companies

Media companies will need to seek new opportunities for growth, in addition to managing cost, in response to COVID-19.

Michelle Wroan

Michelle Wroan

Office Managing Partner, Los Angeles, KPMG US

+1 213-955-8657

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.