Global FAST revenues for TV series and movies are forecast reach $17 billion across 138 countries in 2029.
This, according to the latest report from Digital TV Research, will up from $8 billion in 2023. The US will contribute 38% to the 2029 total, down from this year’s 56%.
The report adds that global FAST revenues will increase by $9.4 billion between 2023 and 2029, with the US supplying $2.1 billion in additional revenues to reach $6.5 billion.
By 2029, the US will be the only country generating more than $1 billion in FAST revenues. The UK and Canada will be close to $1 billion, with these three countries taking nearly half of the world’s total.
Commenting on the findings of the report, Simon Murray, principal analyst at Digital TV Research, said: “Pluto TV, Roku Channel and Samsung TV Plus will account for nearly half the global FAST revenues by 2029. The rest of the FAST market will remain fragmented, with far less globalisation than in the SVOD sector”.