Asia Pacific leads global media and entertainment growth.(news room)

Asia Pacific will remain the fastest growing region during the next five years, led by explosive growth in China, which will overtake Japan as the region's biggest market by 2008, according to PricewaterhouseCoopers' newly released Global Entertainment and Media Outlook: 2005-2009.

PWC added the "global entertainment and media industry is in its strongest position since 2000 and will increase at a 7.3 per cent CAGR to US$1.8 trillion in 2009".

Spending growth in China will be 14.2 per cent compound annual growth rate (CAGR) and 25.2 per cent after accounting for the ...