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.
According to Dataxis, as at Q1 2018 pay-TV in Latin America reached 71.4 million subscribers, which represented a drop of around 0.1% compared to the end of 2017.
Netflix and Telefónica have entered into a global partnership to integrate Netflix’s service into Telefónica’s TV and video platforms in Europe and Latin America.
The Pay TV market in Latin America reached 74.3 million subscribers in the second quarter of 2017, according to Dataxis research.
Subscription Video on Demand(SVOD) services are showing great potential growth in Latin America and is expected to reach 17.4 million in 2017, while Netflix will continue to dominate the market.
The number of pay-TV subscribers in Latin America is expected to reach 73.7 million at the end of 2017, which represents a rise of 3.4% compared to the year 2016.
Mexico overtook Brazil in 2016 to become Latin America’s largest pay-TV market, despite Brazil having twice as many TV households.
The Eutelsat 117 West B satellite has entered into full commercial service and is now ready to support customers across Latin America.
Nearly a fifth of Latin America’s TV households will pay for an SVOD package by 2021, up from 10.9% by end-2016.
English Club TV will launch in the USA, Canada, and Latin America from September 1.