Your weekly dose of Simplestream 6 is back on schedule, with bright news about AVoD revenues. If you managed to miss our stand at IBC you can always catch us at MIP or Sportel for October!

  1. Local US OTT ad revenue to hit $2.1bn by 2024

BIA Advisory Services has expanded its US advertising forecasts to include local OTT advertising. Presenting at TVB Forward 2019, the firm estimates that 2019 will generate $857 million (€783.6bn) in OTT revenue, increasing nearly 148 per cent to $2.13 billion by 2024.

 

  1. Alchimie acquires TV Player

International content aggregation and dynamic digital distribution company Alchimie has acquired UK-based OTT provider, TV Player, suggesting the move will accelerate its entry into the UK.

 

  1. ‘Platform Surfing’ Viewer Trend Spotted by Samsung Ads

While the number of consumers watching streaming video has grown to 74%, 44% of viewers are switching back and forth from linear to streaming, a phenomenon Samsung Ads has dubbed “Platform Surfing.”

 

  1. Apple Plans to Bring Feature-Length Films to Theaters

Apple Inc. is looking to make a splash in Hollywood by bringing feature-length films to theaters before releasing them on its streaming TV service, according to people familiar with the plans.

 

  1. Netflix goes negative for the year, giving up a 46% gain

It was just early July when the streaming video giant’s stock was flirting with new record highs. Now after an unexpected loss of subscribers and increased competition in the streaming war, shares of Netflix erased all of its 46% gain for the year at its peak and officially entered negative territory on Monday.

 

  1. Discovery to launch Food Network Kitchen OTT next month

Discovery is launching its latest brand-focused direct-to-consumer offering via Food Network Kitchen – a major undertaking that also sees the business teaming up with Amazon.