Asia Pacific OTT TV episode and movie revenues will reach $48 billion in 2024; up from the $21 billion recorded in 2018. According to the Asia Pacific OTT TV and Video Forecasts report, the total will increase by $5 billion in 2019 alone.
MIPCOM 2018 – CANNES. BBC StudiosHAS announced the launch of BBC Earth Tribe, a brand new BBC Earth fan community with China’s Tencent.
France mon Amour, the first French television channel in China, will be available on China’s Viva platform.
China Media Group has launched it’s first domestic superstar TV channel, CCTV 4K Ultra HD channel on Monday, October 1.
MIPCOM has named China its 2018 Country of Honour.
Finland’s Elisa has begun working with the leading provider of IPTV services in China to bring Nordic movies and series to the country.
Online video revenue, comprising net ad spend and subscription fees, will grow at an 18% CAGR across Asia Pacific between 2018 and 2023, climbing from $21 bil. in 2018 to $48 bil. by 2023.
TV broadcasters in China spent 43 billion yuan ($6.4 billion) on programming in 2017, compared to 30 billion yuan ($4.5 billion) spent by online platform companies.
Youku, the Alibaba-owned online video streaming service provider, has selected Irdeto Rights for ChinaDRM to safeguard premium content delivery.
Three Chinese companies will top the Asia Pacific SVOD rankings by subscribers in 2023.