It’s another week of Simplestream 6 news breakdowns. With the major news tracking the rapid growth of OTT during the continuing pandemic.
1. Pandemic heightens US online entertainment consumption
The second tranche of Hub Entertainment Research’s Predicting the Pandemic research tracking the impact of the pandemic shows how it has accelerated the already well-established shift to online consumption of entertainment content, across multiple facets of the leisure economy.
2. Cheap streaming TV coming to an end
Ampere’s latest analysis of the US and European SVoD market reveals that the average US streaming household now stacks an average of four different subscription video services
3. Sony acquires Crunchyroll for $1.1bn
WarnerMedia’s AT&T has agreed to sell its Crunchyroll anime business to Sony’s Funimation Global Group in a deal worth $1.175 billion (€0.9bn).
4. Box office takes $32bn revenue hit
The global cinema industry is set to lose $32 billion (€26.4bn) in 2020 as a result of the Covid-19 pandemic a 71.5 per cent reduction in box office revenue compared to 2019, according to Omdia’s latest Movie Windows: Adapting for the future report.
5. Portugal: Highest pay-TV growth since 2015
Portugal ended the third quarter of 2020 with 4.2 million pay-TV subscribers and accounting for a 91 per cent penetration rate for the service.
6. Disney+ nears 87m subs; price hike incoming
The Walt Disney Company has detailed next steps in its global streaming expansion at its 2020 Investor Day, with new details on the future of its direct-to-consumer services Disney+, Hulu and ESPN+, a first look at its upcoming international general entertainment content brand, Star, and previews of all-new content.