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The shift to digital media has been a significant trend in the entertainment and media content industry. Consumers are increasingly consuming content on digital platforms, such as social media, online news outlets, and streaming services. According to a report by PwC, digital media accounted for 34% of total media consumption in 2020, up from 24% in 2015. The shift to digital media has also led to the rise of new business models, such as subscription-based services, advertising-based models, and transactional models.

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