Global online TV episode and movie revenues will reach $159 billion in 2024; more than double the $68 billion recorded in 2018. About $17 billion will be added in 2019 alone.
Pay-TV revenues [subscription fees and PPV movies and TV episodes] for 138 countries peaked in 2016 at $205 billion.
The global number of gross SVOD subscriptions will increase by 439 million between 2018 and 2024 to 947 million – or by 86%. The total will climb by 119 million in 2019 alone.
Digital TV Research forecasts 131.20 million gross SVOD subscriptions in Western Europe by 2024, doubling from 65.19 million by end-2018.
Reflecting the rising importance of the telcos, IPTV is gaining subscribers in Western Europe at the expense of the other pay-TV platforms.
Eastern Europe will have 26.19 million SVOD subscriptions by 2024; up from 10.02 million recorded by end-2018.
Pay-TV revenues in Eastern Europe will peak at $6.95 billion in 2019 before slowly falling to $6.59 billion by 2024.
The number of SVOD subscriptions [for movies, linear channels and TV episodes – excluding other platforms such as sports services] in North America will climb by 110 million from 160 million in 2018 to 270 million in 2024.
On Thursday, April 11, Disney outlined its plans for its Disney+ SVOD platform. Launching in November, the company expects to reach 60-90 million Disney+ subscribers by 2024, with the US contributing a third.
The number of US traditional pay TV subscribers will fall from 105 million in 2010 to 91 million in 2018 and down to 81 million in 2024.