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SVOD Platform - Latest updates on SVOD Platform

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US SVOD subscriptions set to touch 208 million in 2023

According to reports, the number of SVOD subscriptions in the US is expected to reach 208 million in 2023, up from 132 million in 2017. Around 73.5% of TV households (88.5 million) will subscribe to at least one subscription video on demand platform by 2023. Many households are willing to pay for more than one …

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Korean content extend global reach via online streaming

South Korean showbiz giant CJ Group is teaming up with China’s Youku and global SVOD platform Netflix for promoting homegrown content such as K-pop and Korean TV dramas into the global mainstream. The company is strategically seeking major domestic players for streaming in the U.S. and China. The entertainment giant focuses on creating content tailored …

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Latin American SVOD subs set to double in 2023 in Latin America

According to reports, the number of SVOD subscribers are rising in Latin America, more than double in between 2017 and 2023. The number of subscription video-on-demand subs is predicted to increase from 21.14 million at the end of 2017 to 48.24 million by 2023. Mexico is forecasted to become SVOD leader in 2019, and will …

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AT&T buys complete ownership of Otter Media

American multinational telecommunication giant, AT&T has fully acquired Chernin Group’s controlling interest in their joint venture, Otter Media. Otter Media, a subscription, advertising and content company constitutes fully-owned subsidiaries Ellation, an online SVOD provider and a full-service digital media company, Fullscreen, and its Rooster Teeth brand. Otter Media has ownership stakes in Hello Sunshine and …

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ITV invests $1 billion on new SVOD platform

ITV has collaborated with leading technology companies, Hollywood studios, Wall Street banks, independent studios, and strategic partners in raising $1 billion for a new SVOD platform. The main objective is to bring back an ambitious new online video streaming service for mobile users. The new video streaming platform, NewTV has been built for easy and …

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Pen India prepping for own OTT platform

According to reports, Pen India is planning to come up with an OTT platform to expand its reach across TV and digital verticals. The proposed SVOD platform may get launched in the coming six months and will be named Plan My Movie (PMM). It will be a 100% subsidiary of Pen India. Pen India’s video …

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OTT platform Cosmote TV GO goes live

Cosmote TV, the Greek pay-TV service owned by telecommunication operator OTE has launched Cosmote TV GO, an OTT Platform which will be available in a total of three packs. The packs include Cosmote TV GO Documentaries, Cinema, and Sports costing €5, €10 and €25 a month respectively. The SVOD platform is accessible through any fixed …

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Prime Video may release dedicated feature to hide R-rated Content

According to reports, SVOD giant Prime Video is soon to get a major upgrade on the similar lines of its video streaming counterparts Netflix and Hulu. Currently, Prime Video does not focus on personalized recommendations and what to watch next which has been a major key success factor for Netflix. Also, Prime Video’s current content …

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OTT services is on rise among UK, US and the Philippines audience

According to reports, OTT services are rising among US, UK and the Philippines consumers. The rise of SVOD platforms such as Amazon prime, Hulu and Netflix, original content consumption, easy sign-up, content recommendation, billing flexibility, and ability to stream the favorite show anytime have led the growth of OTT in the region. The report further …

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SVOD Platform DirecTV gains Subscriptions

Subscription Video on Demand (SVOD) service DirecTV Now has added 342,000 subscribers in the second quarter of 2018, increased from 152,000 subs added in the previous-year period. The streaming platform currently has more than 1.8 million subscribers as compared to less than 500,000 last year. Lower acquisition costs, operational costs, including deployment and a decline …

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