Revenues from OTT TV episodes and movies for 19 Latin American countries will reach $4.60 billion in 2022; up from the $1.87 billion recorded in 2016.
In the US, the legacy multichannel universe lost a record number of customers in the quarter ended June 30, 2017, but managed to keep the decline below the symbolic one-million threshold.
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The exorbitant sums of money spent on securing sports TV rights have been controversial, but for broadcasters the alternative is losing a huge number of customers to rivals with deeper wallets.
In the US, 86% of adult broadband users binge view at least occasionally, with 58% of 18-34s binging daily, according to The Diffusion Group (TDG).
There’s more money to go around in the skinny pay TV bundle than in traditional US pay-TV packages, making the switch to ‘virtual’ pay-TV potentially lucrative for channels, according to the latest research from Ampere Analysis.
When asked to choose between their legacy pay-TV and SVOD services, Hulu on-demand users are 37% more likely than Amazon Prime users and 29% more likely than Netflix users to select streaming services over legacy pay-TV.
This year’s Ofcom Communications Market Report 2017 reveals that 40 million people watching multiple episodes of series back to back, creating ‘Box Set Britain’. There are also stark differences between the viewing habits of younger and older people.
Asia Pacific OTT revenues from TV episodes and movies will reach $24.41 billion in 2022; triple the $8.27 billion recorded in 2016. The total will increase by nearly $3 billion in 2017 alone.
Firms providing TV and broadband packages did more than nearly any other sector to damage their reputations over the last year through poor customer service and increasing complaint levels.