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Australia’s love for Subscription Video Services to Rise dramatically

According to a recent Ovum OTT Video Forecast, Australia’s obsession with streaming video is set to explode. The report states that the number of Aussies switching to subscription video streaming platforms will more than double in next five years.

Aussies using OTT platforms such as Foxtel Play, Netflix and Stan will grow by 170 percent in next five years, jumping from 2.6 million to 7 million subscribers. The major driver, report said, will be the spread of smart TVs and streaming boxes that meant watching streaming content on family TV was just as seamless as watching broadcast content.

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