Media, entertainment industry growth to exceed global average

China's entertainment and media industry will grow at a compound annual growth rate of 8.3 percent in the next five years prompted by the rise in internet video, internet ads, music, cinema, and video games, said an industry report.

According to PwC's global entertainment and media outlook 2017-21, the growth rate is much higher than the global figure of 4.2 percent.

China's box office revenue continues to flourish, with revenue growth estimated at 11.6 percent annually to reach $10.7 billion by 2021, up from $6.2 billion recorded last year.