7th-Media expands client
August 20, 2009
Makati, Philippines August 2009 – Despite the alarming economic downturn, 7th-Media continues to gain US clients while they expand their potential market in the local scene. Since June 2007, 95% of their clients are from the US mostly creative agencies.
In July 2008 with only eight team members on board, 7th-Media was commissioned by numerous agencies and direct clients to do their websites. Because of recession, traditional media have slowed down while digital and technologies have dramatically taken over it since 2000. Magazines are expected to decline by 1.7% according to a report by PricewaterhouseCoopers' Global Entertainment and Media Outlook 2009-2013. A report forecasts that total entertainment and media spend will increase from $1.4 million to $1.6 million by 2013, with particular growth in digital formats such as web advertising, video games and the Internet.