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, movie and online video content expenditure across India, Korea and Southeast Asia’s five biggest growth markets (Indonesia, Malaysia, the Philippines, Thailand and Vietnam) rose by 8% in 2017 to reach $10.2 billion.
The Asia-Pacific pay-TV industry will grow at a 5.8% average annual rate from 2016 to 2021, according to a new report, Asia Pacific Pay-TV & Broadband Markets, published by Media Partners Asia (MPA).
Increasing consumption of pay-TV services in the APAC countries will ensure profits will grow significantly over the long term, according to a new report from Media Partners Asia.