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Latin America’s crowded OTT market is expected to generate $1.84 billion in revenue by 2018, up 262% from $509.2 million in 2014.
Researcher Dataxis looked at transactional video one demand (TVOD) as well as subscription (SVOD) and download to own (DTO) service revenues in Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela.
Currently, nearly 90 services operate in the region.
Looking to get the jump on developing an open-source, royalty-free codec specification that will easily handle 4K content, a Who’s Who of Internet companies -- including Amazon, Cisco, Google, Intel Corporation, Microsoft, Mozilla and Netflix – have announced as founding members of the Alliance for Open Media (AOMedia).
The seven say the group wants to deliver an open, royalty-free and interoperable solution for the next-gen of video delivery.
With Serena Williams looking to net the first calendar year Grand Slam in nearly three decades, the U.S. Open will be presented on ESPN exclusively starting Aug. 31, with the Women’s title match on Saturday, Sept. 12 and the Men’s on Sunday, Sept. 13.
The coverage will be massive, with more than 130 hours on ESPN, ESPN2 and WatchESPN and another 1,100 hours on ESPN3.
Last year, just 100 hours was on TV and 400 on ESPN3.
With an eye on continued expansion of its content catalog, Netflix this week said new customers in many of its European markets would see a €1 increase in the price of its standard subscription to €9.90 ($10.90), and informed current customers that they’d also see the price bump, but not for another 12 months.