Muvi Industry Updates

Beyond The Buzz- Latest Insights From Muvi

Spotify expands into the audiobooks market by partnering with Storytel 21 May 2021

  Spotify partners with Storytell to stream its audiobook content via the Spotify app. Recently, Spotify introduced Open Access Platform ( OAP) to give publishers and creators a new platform to deliver their content by streaming it on the Spotify app. Hence, a partnership with Storytel is the first step taken. The partnership also focuses …

Netflix expands its podcast space to increase viewing habits 20 May 2021

  Popular streaming giant, Netflix, is expanding its podcast space to increase user engagement beyond the watch time of its TV shows and movie content. According to sources, the streaming giant has started to engage with multiple pitches from outside producers. The OTT giant finds the podcasting medium to be promising and is expected to …

Roku records 53.6 million active accounts in Q1 07 May 2021

  Roku hit 53.6 million active accounts in its first quarter, recording a 35% growth. Top financial forecasts expected Roku’s revenue to hit $490.6 million in Q1 2021, but Roku outgrew this figure with its revenue hitting 79% higher to $574.2 million, a major growth compared to Q1 2020. Also, streaming hours witnessed a 49% …

Discovery and Hulu strike a long term carriage deal 05 May 2021

  Discovery and Hulu have signed a long-term deal stating two factors, one being Discovery channels will continue to broadcast on Hulu Live TV. The second is the transfer of Discovery’s popular content from Hulu’s video streaming platform to Discovery+. While the growth for linear TV is declining, it yet remains a lucrative platform. The …

Discovery+ tops 13 million subscribers in its first quarter 29 April 2021

  Discovery+ is making its way towards the top OTT players as it records 13 million subscribers by the end of its first quarter. Discovery+ CEO, David Zaslav even stated that this on-demand entertainment platform holds more than 15 million SVOD subscriptions when compared to other similar platforms. Speaking about Discovery+ reaching 13 million subscribers, …

Spotify records 356 million listeners & 158 million subscribers within three months of 2021 29 April 2021

  Spotify continues to dominate the audio streaming industry as it records 356 million listeners and 158 million paid subscribers in the first quarter itself, a good 24% and 21% increase respectively.  This music streaming giant is experiencing an adrenaline rush with this victory as they reveal their expected Q2 growth performance plans, an increase …

Kindred launches live streaming player to remold in-play betting experience 29 April 2021

  Kindred’s Unibet has launched a new live streaming player, ‘Watch and Bet’ to allow customers to place bets while streaming sports simultaneously with a live odds overlay for the first time. The live sports betting platform is a potential room for growth which is why this launch can provide ‘’a seamless user experience than …

Spotify launches a podcast subscription platform, beats Apple in its own game 29 April 2021

  After the launch of Apple’s subscription-based platform for its podcast app, Spotify has also embarked on the same journey. However, the latter’s platform distinguishes itself as it refrains from collecting podcasters subscriber revenues for the next two years after which a 5% fee will be levied. Spotify is looking to help podcasters earn better …

Disney+ & Hulu to stream Sony Animation content in a new multi-stream deal 27 April 2021

  Disney+ and Hulu have become the official video streaming partner of Sony Pictures, which will see the two OTT giants streaming the exclusive content of Sony Pictures, including the upcoming releases. This multi-year content licensing agreement for US streaming and TV rights will benefit online viewers with a diverse on-demand content library.  Keith Le …

79% of Americans continue with streaming TV post-Covid 27 April 2021

  USA summer and the first shot of the vaccine being available is not depriving 79% of  Americans to move away from their video streaming TV platforms.  As per a poll conducted with 1200 consumers, two-thirds have stated their streaming watch time to be constant for the next three months.  The future of streaming TV …

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