American entertainment giant, Hulu is on track to lose nearly $1.5 billion in 2018, a 71 percent increase in losses from a year ago. In 2017, Hulu reportedly had suffered a whopping loss of $920 million. During the second quarter of 2018, the online streaming platform had lost $353.3 million and had suffered $436 million …
According to reports, the number of SVOD subscriptions in the US is expected to reach 208 million in 2023, up from 132 million in 2017. Around 73.5% of TV households (88.5 million) will subscribe to at least one subscription video on demand platform by 2023. Many households are willing to pay for more than one …
Leading entertainment company, Balaji Telefilms’ OTT platform ALT Balaji has added more 2.1 million paid users in the April-June quarter. It is double the 1.2 million paid users it had added in FY17. Currently, the paid subscriber base stands at 3.3 million. With the over the top platform scaling up its original content offering, there …
South Korean showbiz giant CJ Group is teaming up with China’s Youku and global SVOD platform Netflix for promoting homegrown content such as K-pop and Korean TV dramas into the global mainstream. The company is strategically seeking major domestic players for streaming in the U.S. and China. The entertainment giant focuses on creating content tailored …
Global internet and media group, Naspers has created a new OTT video unit in order to counter competition from global VOD players such as Netflix, Amazon Prime Video, etc. To counter this stiff competition, Naspers has partnered its VOD business Showmax Africa and Internet TV service Dstv Digital Media to form a VOD unit called …
According to reports, the number of SVOD subscribers are rising in Latin America, more than double in between 2017 and 2023. The number of subscription video-on-demand subs is predicted to increase from 21.14 million at the end of 2017 to 48.24 million by 2023. Mexico is forecasted to become SVOD leader in 2019, and will …
American multinational telecommunication giant, AT&T has fully acquired Chernin Group’s controlling interest in their joint venture, Otter Media. Otter Media, a subscription, advertising and content company constitutes fully-owned subsidiaries Ellation, an online SVOD provider and a full-service digital media company, Fullscreen, and its Rooster Teeth brand. Otter Media has ownership stakes in Hello Sunshine and …
ITV has collaborated with leading technology companies, Hollywood studios, Wall Street banks, independent studios, and strategic partners in raising $1 billion for a new SVOD platform. The main objective is to bring back an ambitious new online video streaming service for mobile users. The new video streaming platform, NewTV has been built for easy and …
TLD3 Entertainment Group has closed the acquisition of assets of Digital Legend, a developer of wireless audio streaming and music social network software. With this acquisition, TLD3 will now own and control the global marketing and development rights to Mbox wireless audio streaming technology and Take It 2 The Next Level’s music social networking application. …
According to reports, Pen India is planning to come up with an OTT platform to expand its reach across TV and digital verticals. The proposed SVOD platform may get launched in the coming six months and will be named Plan My Movie (PMM). It will be a 100% subsidiary of Pen India. Pen India’s video …
