Romania is poised to witness a 10% growth in its entertainment and media (E&M) industry. This should see its E&M industry valued at 3.4 billion euros, which would exceed its pre-pandemic level of 2.53 billion euros in 2019, according to the website. business-review.eu reported. The books segment is expected to reach €90 million in 2022, which would represent a modest increase from the €89 million the segment was valued at in 2020.
Growth, however, is expected to be higher with the audiobook and podcast segment given the popularity of both forms in the country. The country has also witnessed the launch of audiobook services Echo and Voxa in the country in 2021. Mainstream newspapers and magazines are again in decline. The segment experienced negative growth of 8% to 46 million euros in 2021 and is expected to decline a further 2% this year.
Overall, the media and entertainment segment is making a comeback now that the pandemic has started to recede in most parts of the world. As things stand, Romania is said to have the second fastest growing media and entertainment industry among Central and Eastern European countries.
With a keen interest in technology, I make it a point to keep up to date with the latest developments in the world of technology and gadgets. This includes smartphones or tablets, but even extends to AI and self-driving automobiles, the latter being my latest fad. In addition to writing, I like watching videos, reading, listening to music or experimenting with different recipes. Cinema is another aspect that interests me a lot and maybe I will make a film in the future.