UK entertainment industry is expected to see a CAGR of 8.3% during the period (2019-2025). UK entertainment industries are severely hit by the COVID-19 pandemic. Partial and complete lockdown from the UK government has hit the entertainment industry. Stern measures from the Government of UK were taken due to growing positive COVID-19 cases and rising mortalities in the region. Major theatres, sports events, and amusement parks have been shut down to contain the COVID-19 pandemic. However, the online video streaming industry is projecting a considerable growth in UK. According to the European Audiovisual Observatory, UK, with 2,841 titles, by far, the country with the most titles available on subscription video-on-demand, almost twice the number of titles available in Germany. With the outbreak of the COVID-19 pandemic, access to online video streaming has increased substantially in the country. As the online video streaming industry was already projecting a growth pre-COVID-19; however, post-COVID-19, the industry will propel with a double-digit growth rate during the forecast period.

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UK entertainment industry is segmented into online video streaming, amusement parks, theatrical & film productions, sports, and live events and trade shows. Based on the segmentation, the live events and trade shows industry is expected to get highly affected due to the outbreak of a pandemic. The major factor for the downfall of the live events and trade shows industry includes stern government restrictions for the travel and tourism coupled with the practice of social distancing, regarding the rapidly spreading COVID-19 across the globe. It is expected that the restrictions on large gatherings will be in place for some more time, which will result in lower attendance at events. Moreover, the amusement & theme parks is another industry vertical significantly affected by the COVID-19 pandemic. Theme parks across the globe have been closed to prevent the COVID-19 pandemic.

Moreover, the major UK-based entertainment companies such as Alton Towers Resort, Aardman Animations, Ltd., Big Talk Productions Ltd., Cineworld Group plc, Penguins Ltd., and Thorpe Park Resort, are facing the significant impact of COVID-19 outbreak that further affect the entertainment industry in the country. For instance, Cineworld Group plc has considered the potential impact of the COVID-19 outbreak on the Group’s results. The impact of a total loss of revenue across the enlarged estate for between one and three months, no fixed costs reductions should sites be closed. The run rate combination benefits of $133 million expected to be achieved as part of the Cineplex acquisition, forecast capital expenditure reduced in 2020 by 90%, and cessation of dividend payments from 1 July 2020. Under the specific downside scenario, however, Group losing the equivalent of between two and three months’ total revenue across the entire estate.

Research Methodology

OMR global recently published a report addressing the impact of COVID-19 on the UK entertainment industry. The study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behavior and macro-economic factors. The report includes analysis of different regions and countries and the effect of COVID-19 on entertainment industry of each respective region. Besides, an expected recovery timeline of the industry will also be included with the best- and worst-case scenario which will aid clients to take their future steps in the decision-making process.

Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog
• Government Organizations Reports

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

The Report Covers

• Comprehensive research methodology of UK entertainment Industry.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting UK entertainment Industry.
• Insights about market determinants which are stimulating UK entertainment Industry.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.