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Roland Berger: The growth of the entertainment and media industry in Hong Kong is expected to slow to 2.3% this year, with the OTT market becoming popular while print media fades.
PwC's "Global Entertainment and Media Outlook 2024-2028" predicts that the revenue of the entertainment and media industry in Hong Kong increased by 4.5% last year, with the market size expected to slow to 2.3% in 2024, reaching $12.87 billion. The compound annual growth rate from 2024 to 2028 is projected at 2.06%, with revenue expected to reach $14 billion in 2028. In the OTT market, Hong Kong has experienced rapid growth in the past two years, reaching $0.371 billion in 2023. It is expected that this market will continue to expand at a compound annual growth rate of 5.7% and reach $0.491 billion by 2028.
PHOENIX TV: 2024 INTERIM REPORT
Phoenix Media Investment Widens H1 Loss by 43%
Phoenix TV (02008) announced its interim results, with a net loss attributable to owners of approximately HKD 0.184 billion, a year-on-year increase of 42.8%.
Phoenix TV (02008) announced its mid-term performance for 2024, with revenue of approximately HK$1.043 billion, compared to the same period last year...
Phoenix TV (02008.HK) widened its half-year loss to 0.184 billion yuan in performance.
Phoenix TV (02008.HK) announced its interim results ending in June this year, with revenue of 1.043 billion yuan, down 8% year-on-year. The loss expanded to 0.184 billion yuan, compared to a loss of 0.129 billion yuan in the same period last year; loss per share was 36.94 cents. No dividends will be distributed. (vc/u)~
PHOENIX TV: ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
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