Some good news for the home entertainment industry – depending upon which segment of the industry you’re part of: Consumers spent nearly $18.3 billion in 2016, a 2% increase from 2015.
Revenue from SVOD services in the United States toped $1.50 billion in the second quarter, up from $1.25 billion a year ago, a 21% increase Y/Y, following a first quarter that saw 19% Y/Y growth, a new report said.
Premium content service provider Vubiquity, has launched a managed digital storefront product targeting the Latin American OTT market.
The move gives Vubiquity the ability to provide content distributors with a white-label portal for end-users to navigate its film and television catalogue.
The storefront supports TVOD, SVOD, FVOD, EST and live TV business models, and allows users to access the content on the web, iOS devices, Android devices and through their set-top boxes.
UltraViolet, which consumers ignored en masse at its launch in 2011 because of confusion over what it was, a difficult user interface and spare content, is showing signs of life.
Australia’s digital film and TV sales grew more than 22% in 2013, with film and TV sales topping AUD 143 million (USD 129 million), said the Australian Home Entertainment Distributors Assoc.
Movie electronic sell through and video on demand streaming outpaced television EST and VOD, growing 26%, twice the growth of TV EST.
Subscription VOD services now make up nearly 40% of the United Kingdom’s over-the-top market, driven in large part by the successful launch of Netflix in the U.K. in 2012, ABI Research said.
Worldwide, the OTT video market now tops $11 billion, ABI said, with much of that growth coming in North America and Latin America, again pushed forward by avid adoption of Netflix and other SVOD services.