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.
MIP-TV. Endemol Shine Group has announced a co-development partnership between Endemol Shine China and Youku to create and produce two new original series for the Chinese market in 2018.
China’s largest state-owned television and radio stations are merging into one broadcasting platform to be called Zhongguo Zhisheng, which translates to Voice of China.
Russia’s PM Dmitry Medvedev has announced the launch of Katyusha, a Russian TV channel aimed specifically at viewers in China.
RealNetworks has partnered with CIBN Oriental Network, one of the seven broadcasting networks that is licensed to distribute OTT content in China, to enhance the company’s TV and mobile video streaming capabilities.
Zoomin.TV and Tencent have signed a partnership giving Zoomin.TV access to over 1.5 billion Chinese viewers.
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.