New research posits that global revenue from subscription video on-demand (SVOD) will increase 88% to more than $120 billion in 2022, up from an estimated $64 billion this year.
The report from Juniper Research also says more than 25% of all global households will have at least one SVDO subscription in five years.
As famous ring announcer Michael Buffer would say, “Let’s get readdddy to rummmble!” The main event, Netflix vs. Amazon Prime Video, has gone global.
CBS now has live streams of affiliate content available is nearly all markets nationwide on its CBS All Access streaming platform, but it’s the VOD content that has been more critical to the service’s use and growth.
Hulu is dipping its toe into the growing tide of binge watchers, announcing that it will allow users to binge view Shut Eye, it’s original series that rolls out Dec. 7.
The SVOD service, jointly owned by Fox, Comcast, Disney and Time Warner, isn’t ready to fully jump into the water, holding the line at the 10-episode series that based on the rather bizarre topic of Los Angeles psychics and their connection to organized crime syndicates.
Hulu’s decision to cut its free, ad-supported streaming service is expected to sharply reduce the number of users of the service, dropping its base by nearly half, according to new research that also says Amazon’s Prime Instant Video service is booming.
Only Disney and NBCUniversal are spending more on creating original content than Netflix and Amazon, a new report says, with the two streaming platforms’ spending exceeding stalwarts like CBS, HBO and Turner.
Netflix is planning to increase its investment in original and licensed content beyond the $6 billion it spent this year, Chief Content Officer Ted Sarandos told the Television Critics Assn. in Beverly Hills Wednesday.
Netflix added nearly 1.4 million subscribers in the United Kingdom in 2015, bringing its total customer base to more than 5 million and putting it ahead of competitors like Amazon Prime Instant Video. And, according to a new report, that growth doesn’t seem to be slowing.
As the importance of originals continues to grow for SVOD players like Netflix and Amazon, other arms of the digital media industry also have begun to dip their toes in the original content pool, including media company Mashable, which this week announced it would work with Bravo Media to develop a slate of new digital series.
As more consumers migrate away from traditional broadcast and pay TV to online video, streaming companies are looking fro more ways to differentiate themselves from their competition.