Creative Economy & Excellent Market Opportunity
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CREATIVE PARK
Creative Economy & Excellent Market Opportunity
Present & Future Opportunity Promoting Talent in a Trillion $ Industry “Global entertainment & tourism revenues surge to $2.3 trillion; virtual reality sees 36% growth as gaming and esports are on pace to become a $324 billion business”.
“The $2+ trillion industry is on track to grow 6.7% in 2022, fuelled by strong demand for digital content & advertising”. We want underprivileged young African Americans to be part of this, while they simultaneously promote the public & private partnerships which are making it possible
Indeed, all the sectors which our Creative Initiative programme covers, are enjoying success, and have a successful prediction – being expected to grow at an excellent rate as this decade progresses. For example: “Video game revenues continue their rapid ascent, with a 5.7% CAGR projected to expand the segment to become an almost US $200 Billion business (US $194.4 Billion) by 2025.” Furthermore: “We expect total music revenues to grow at a 12.8% CAGR over the next five years, fuelled by digital streaming, which will expand to become a US $29.3 Billion business by 2025, along with a return to live performances”.
Further, one of the Fatherland’s promoters, ForeMedia Group is a renowned leader in digital technology related to EM&M. And substantial research has shown that: “Digital technologies have revolutionized the music industry by creating high quality, low-cost recording technologies and digital distribution, along with the proliferation of devices to download and listen to music. Future industry growth is likely to come from diversified services from companies such as the ForeMedia Group as they capitalize on vertical business opportunities to license brand name products and services, packaging consumer experiences around various forms of online content services and more. Streaming services will continue to grow and offer more personalized services for consumers”.