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Tuesday, July 3, 2007. Global Entertainment, Media Industries Experiencing Unparalleled Growth. In the business of global entertainment and digital media, the trend moves in one direction. In its latest industry outlook, accounting firm Price Waterhouse Coopers says, by 2011, spending on the convergence of home computing, wireless technology and television will exceed 50 percent of total industry spending. And there are other challenges too. Among them, protecting intellectual property.