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Internet to eclipse TV in Hungary

June 24, 2010 09.59 Europe/London By Chris Dziadul

The internet will generate more in revenues than any other media in Hungary by 2014.

The prediction was made by PricewaterhouseCooper (PwC) in a media and entertainment industry overview of Hungary over the next four years and reported by BBJ.

The total value of the media and entertainment industry in Hungary amounted to $3.2 billion (€2.6 billion) in 2009, with the internet accounting for 26% of the total. TV, including both advertising and subscription fees, was in first place with 28%.

However, by 2014 PwC expects the value will have grown to $4.3 billion and the internet increased its share to 37%.

TV, on the other hand, will slip back by one percentage point to 27%.

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Filed Under: Central & East Europe, Newsline Edited: 24 June 2010 09:59

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