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Video streaming services to reach £80bn in the UK by 2023

According to a survey report, Video streaming services in the UK region are expected to be  £80bn worth by 2023. Presently in 2019, the market is projected at £70 bn with a CAGR of 8%. As the video streaming grows, the UK’s media & entertainment sector will also witness a surge of 3.5% per year …

Amazon launches prime video channels for Canadian subscribers

Amazon announces the launch of prime video channels (a version of online cable package similar to traditional TV bundles) for its Canadian users. The channels will be available via the existing Prime Video app and subscribers can watch them anytime and anywhere on their preferred mobile devices and smart TVs. By paying a monthly subscription …

China remains the world’s second largest media and entertainment market

According to a recent survey, China’s media and entertainment market will reach $435 US dollars by 2023, which is 70% up from the digital revenue generated in 2018. After the US market, China remains the second to witness such rapid growth in digital media. In the next five years, the internet advertising industry in China …

Global SVoD Subscriptions to reach 1 Billion by 2024

With the rapid growth in OTT services, the global SVoD subscriptions are expected to increase by 439 million between 2019 and 2024. The total number of SVoD subscriptions will reach 1 Billion by the end of 2024, which is approximately a growth of 86%. In 2019 alone, the gross will climb by 119 million worldwide. …

Spotify tests a new feature on its music streaming platform

According to reports, Spotify is secretly testing a new feature named – “Social Listening” among its employees. The new feature would allow multiple users to listen and control a single playlist from their respective devices in real-time. Social Listening feature is pretty similar to that of Spotify’s collaborative playlist feature, however, the way it allows …

70% of Hulu users prefer ad-supported subscription plan

Hulu, the leading American subscription VoD platform, has a majority of subscribers on its $5.99 monthly ad-supported plan. According to survey reports, almost 70% of users prefer watching advertisements on Hulu. Apart from the ad-supported subscription plan, Hulu also offers no-commercial versions at $11.99. Currently, Hulu has some 85,000 TV and movies with bundles of …

Alibaba Invests $100 Mn into its Video App – VMate

Alibaba invests 100Mn into VMate – a short video streaming app, to increase the company’s foothold in the booming Indian OTT market. VMate was earlier launched in 2016 by UC Web (Alibaba’s subsidiary) and is now one of the growing video-sharing apps. According to reports, VMate has more than 30Mn global users and is witnessing …

Riot Games set to launch subscription-based streaming service

Riot Games, the American video game development company, announces a dedicated subscription-based streaming service for League of Legends Pro View. The service is supposed to be available on both North American League of Legends Championship Series and League of Legends European Championship. e-Sports fans can stream the league matches on their preferred device for free. …

NBC News introduces free streaming service – NBC News Now

NBC News, the news division of American Broadcast Television Network, launches free streaming service for news content. NBC News Now includes eight hours of continuous daily programming of live updates, breaking news, interviews with prominent public figures, and the most important stories from all around the world. The news streaming service is completely free for …

Eros Now inks music distribution deal with Amazon Prime Music

Eros Now, the global Indian entertainment company, announces a content-distribution deal with Amazon Prime Music. As per the collaboration, Amazon Prime Music in India will now have access to Eros Now music content that includes Bollywood blockbusters and popular tunes from various regional languages. Prime Music streaming subscribers can stream the full catalog of Eros …

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