Written by: Roshan Dwivedi
According to a report by Digital TV Research, OTT TV and video revenues in Latin America will reach USD 3.59 billion in 2021, more than triple the USD 1.15 billion recorded in 2015. Although Netflix has been present across the region since September 2011, the report said substantial SVOD competition from the likes of America Movil’s Claro Video, Telefonica’s Movistar Play, HBO Go, Televisa’s Blim and Millicom’s Tigo Play has served to substantially boost revenues over the past year.
SVOD will remain the region’s largest OTT revenue source, contributing USD 2.1 billion, or 58 percent of the total, by 2021. In fact, the report estimates some 31.87 million SVOD subscribers across the region’s 18 countries by 2021, up from 11.22 million at end-2015.
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