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Western Europe OTT revenues set to soar in 2023

According to research reports, OTT revenues for 18 countries will reach $23.02 billion in 2023, sharply driven by rise in subscription video-on-demand users from 50.34 million at the end of 2017 to a likely total of 98.85 million by 2023. UK will account for 30 percent of the region’s OTT TV episode and movie revenues. …

SVOD platform iflix partners with Wattpad to boost Indonesian content

Subscription video-on-demand or SVOD platform iflix has signed a strategic deal with global entertainment platform, Wattpad for an extensive content production. Under this agreement, iflix will co-produce original films related to some of the six million Indonesian story uploads on Wattpad. With more than 9 million users streaming an average of 40 million minutes per …

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 …

CJ Group partners with Netflix and China’s Youku for promoting korean content abroad

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 …

SVOD subscribers on rise 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 …

AT&T acquires Chernin Group’s Stake in 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 …

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 …

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 …

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 …

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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