In 2023, the revenue for agents and managers of artists, athletes, entertainers, and other public figures in Canada was recorded at $700 million CAD. The forecasted data from 2024 to 2028 indicates a consistent upward trend in this sector, starting at $745.7 million in 2024 and reaching $970.8 million by 2028. The year-on-year increase in revenue showcases a strong expansion, with the compound annual growth rate (CAGR) over these five years projected at approximately 6.7%.
Future trends to watch for include:
- Increased globalization and digitalization that could open up international markets.
- Potential growth in niche markets such as influencers and esports athletes.
- Regulatory changes that might impact contract negotiations and talent management.