Muvi Industry Updates

Beyond The Buzz- Latest Insights From Muvi

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 …

Subscription-based OTT Platforms continues to soar in demand 22 April 2021

  Subscription-based OTT platforms are growing at a rapid pace. As per surveys, 57% of online viewers who are categorized as Gen-Xers, Millennials, and Boomers find watching TV and movies at home as their top choice of entertainment. The survey also revealed that 82% of Americans subscribe to paid streaming services with four being the …

Live Video Game Streaming watch time continues to rise 22 April 2021

  Watch time of live video game streaming has surpassed 80% higher with 8.8 billion in Q1 2021. As per studies, in 2020, live streaming of video games watch time was 27.9 billion, a 78% surge before the pandemic. The ascent of watch time surged popular gaming streaming platforms. As per studies, Youtube Gaming stood …

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