Written by: Soumya Sekhar
Asia-Pacific VOD markets are expected to grow big over the next half-decade. The British analysis company – Digital TV Research recently researched the Over the Top video market in the region and forecasts that it will triple in size, going up from $ 8.27 billion today to $ 24.4 billion by 2022.
It’s also been predicted that the overall OTT business in the region is growing at a 21% CAGR, expanding from $17.6 billion in 2017 to $46 billion by 2022.
Currently Asian theatrical consumption accounts for 70 – 80 % of a film’s revenues, which is likely to come down offer an opportunity for Asian filmmakers to go over the top.