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Global online video subs top 1B - but revenues still lag cable, report says
- Global online video service subscriptions have crossed the 1-billion
mark, the Motion Picture Association says in a new report.
- But it's still taking second place among markets to cable television,
it hastens to add.
- Aided by a stay-at-home/play-at-home year, online video subs rose 26%
to 1.1B on a global basis in 2020 - in the U.S., online video subs rose
32%
to 308.6M
- The market for U.S. home/mobile subs rose 21% to $30B, and the global
online video industry's revenue jumped 23% as well, to $68.8B.
- But that still lags a cable industry with global revenues of $116B in
2020, John Eggerton notes.
- And the digital subs' jump only partly offset a tumble in box office
due to the COVID-19 pandemic, the MPA notes: The global market for
theatrical and home/mobile entertainment distribution fell 18% to $80.8B.
- Video growth trends are still on different tracks: While the amount of
time spent watching TV in 2020 rose by seven minutes (to three hours, 34
minutes per day), time spent watching subscription over-the-top video
jumped 34% to 71.8 minutes, the first time it's topped an hour.
- Streaming players: NFLX, DIS, AMZN, AAPL, GOOG/GOOGL, FUBO, DISH, T,
CMCSA, VIAC/VIACA, DISCA
- Leading cablecos/IPTV: CMCSA, CHTR, VZ, ATUS, CABO
Global online video subs top 1B - but revenues still lag cable, report says
- Global online video service subscriptions have crossed the 1-billion
mark, the Motion Picture Association says in a new report.
- But it's still taking second place among markets to cable television,
it hastens to add.
- Aided by a stay-at-home/play-at-home year, online video subs rose 26%
to 1.1B on a global basis in 2020 - in the U.S., online video subs rose
32%
to 308.6M
- The market for U.S. home/mobile subs rose 21% to $30B, and the global
online video industry's revenue jumped 23% as well, to $68.8B.
- But that still lags a cable industry with global revenues of $116B in
2020, John Eggerton notes.
- And the digital subs' jump only partly offset a tumble in box office
due to the COVID-19 pandemic, the MPA notes: The global market for
theatrical and home/mobile entertainment distribution fell 18% to $80.8B.
- Video growth trends are still on different tracks: While the amount of
time spent watching TV in 2020 rose by seven minutes (to three hours, 34
minutes per day), time spent watching subscription over-the-top video
jumped 34% to 71.8 minutes, the first time it's topped an hour.
- Streaming players: NFLX, DIS, AMZN, AAPL, GOOG/GOOGL, FUBO, DISH, T,
CMCSA, VIAC/VIACA, DISCA
- Leading cablecos/IPTV: CMCSA, CHTR, VZ, ATUS, CABO
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