Find stats on top websites
Industry Landscape
The digital media and entertainment industry is currently undergoing rapid transformation, driven by the shift from content ownership to subscription-based streaming. While streaming services dominate, there remains a significant market for digital content retail, especially for niche content and users preferring ownership. Personalization, AI-driven recommendations, and cross-platform integration are key trends.
Total Assets Under Management (AUM)
Digital Media Revenue in United States
~300 billion USD
(8-10% CAGR)
This growth is primarily fueled by:
- Increased adoption of streaming services.
- Growth in digital advertising.
- Expansion of gaming and interactive content.
Total Addressable Market
300 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI for Content Creation
AI models capable of generating new music, video, and textual content will revolutionize content pipelines and diversify offerings.
Web3 and NFTs in Digital Rights
Blockchain technology and NFTs could redefine digital content ownership, distribution, and royalty management, providing new revenue streams and consumer engagement models.
Spatial Computing and XR Content
The rise of AR/VR devices and spatial computing platforms will create immersive entertainment experiences and new formats for digital media consumption.
Impactful Policy Frameworks
Digital Services Act (DSA) - EU (2022)
The Digital Services Act is an EU regulation aimed at creating a safer digital space where the fundamental rights of users are protected, by imposing obligations on digital services related to content moderation, transparency, and accountability.
While an EU policy, its global reach often influences US company practices, requiring iTunes to enhance content moderation, provide greater transparency in its recommendation algorithms, and potentially adjust its terms of service for EU users, which could set a precedent for broader changes.
American Innovation and Choice Online Act (AICOA) - US (Proposed)
This proposed US antitrust legislation aims to prevent dominant online platforms from unfairly favoring their own products and services over those of rivals.
If enacted, AICOA could significantly impact Apple's ability to integrate iTunes and its related services (Apple Music, Apple TV+) preferentially within its ecosystem, potentially forcing changes to how content is displayed or how third-party apps function on iOS, impacting the seamless Apple experience.
Children's Online Privacy Protection Act (COPPA) Enforcement - US (Ongoing)
COPPA (1998, with ongoing enforcement and updates) imposes requirements on operators of websites or online services directed to children under 13 years of age, or that knowingly collect personal information from children under 13.
iTunes, particularly with its app store integration and family sharing features, must ensure strict compliance with COPPA regarding data collection from younger users, which impacts user sign-up processes, targeted advertising, and content accessibility for children.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
