The pressure on traditional multichannel subscriptions abated in the second quarter, a positive direction that is further supported by the forwarded momentum of virtual services Sling TV and DirecTV Now, according to the Q2 2018 US Multichannel Subscriber Report by Kagan.
IPTV is driving growth in Asia-Pacific, where cable has a strong footprint, according to the latest research and analysis by IHS Markit.
Strategy Analytics forecasts that global consumer and advertising spend on TV and video will grow from $490 billion in 2017 to $559 billion in 2022, an increase of $69B.
Strategy Analytics research reveals that more than one billion Connected TV devices are now in use worldwide.
The largest pay-TV providers in the US – representing about 95% of the market – lost about 415,000 net video subscribers in 2Q 2018, compared to a pro forma loss of about 660,000 subscribers in 2Q 2017.
Dissatisfaction with the perceived value of pay-TV service was once again high among the 176,000 members who participated in Consumer Reports’ latest telecommunications survey.
As viewers continue to shift to viewing television content on an on-demand basis, TV and video consumption is changing across the leading five European markets: United Kingdom, France, Germany, Italy and Spain.
The number of SVOD subscriptions in the US will climb from 132 million in 2017 (111.5% of TV households) to 208 million in 2023 (173.0% of TV households).
In the US, more than 100 million connected devices were used last year instead of traditional pay-TV set-tops to access MVPD services, according to the NCTA.
Revenues from OTT TV episodes and movies for 19 Latin American countries will grow by $4 billion to $6.43 billion in 2023; up from the $2.47 billion recorded in 2017.