WASHINGTON: The Internet is no longer draining profits from media and entertainment companies, which have learned to make online services pay, a new study shows.
The study by Ernst and Young released Monday found that media and entertainment companies "are continuing to increase their lead as one of the most profitable industries" with profit margins of around 28%.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
