Producers survey finds near-flat revenue in 2000 as market slowdown takes toll
News | 05/16/2002 4:00 am EDT
The third Delvinia Inc. Interactive Media Producers Survey (IMPS) has confirmed the new media industry’s perceptions that the year 2000 saw a serious slide in the latter half, but estimated gross revenues for the sector remained nearly unchanged over 1999. The interactive media sector added $1.8 billion to its top line in 2000, an increase of almost three per cent over the previous year. But the report’s authors say the figure masks a serious turn in the sector’s fortunes over the latter half of 2000 in the wake of the meltdown in public markets in March/April of that year.