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The uptake of pay-TV among UK TV households is set to decline by 7.5 per cent by 2023 according to analysts at consultancy firm Broadcast Intelligence. As the SVoD market continues to grow, UK pay-TV penetration will fall to numbers not seen since before 2011.
Netflix has reported a gain of 6.77 million paying subscribers in the third quarter, slightly above analysts’ expectations. It brings its total userbase to 153 million globally.
Using its proprietary media-modelling techniques, the data-driven sports marketing agency projects the global sports media rights market will be worth $60.9 billion (€50.7bn) in 2024 – up from $48.2 billion in 2019, a five-year growth rate of 29 per cent.
- In India, food delivery company Zomato, ecommerce company Flipkart, and others are developing streaming video content to compete with Netflix, Amazon, Hotstar
As Netflix and Amazon splurge on original content to win streaming supremacy in India, Bollywood producer Tanveer Bookwala has never been so busy.
Ad-supported streaming service Tubi said it plans to launch Tubi Kids on Oct. 21, joining the ranks of on-demand over-the-top services offering content aimed at kids and families.
Movie exhibition company AMC Theatres is extending its business into the home. Members of the company’s AMC Stubs loyalty plan in the United States can rent or buy approximately 2,000 of the most popular digital movies from the top Hollywood studios at AMCTheatres.com as well as on the AMC Theatres mobile, connected devices and Smart TV applications.