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Top Online Video Platforms that Power the OTT Revolution Worldwide

Today watching shows on TV has evolved from a world of limited options to a world of unlimited choices. The future of watching shows is OTT (over-the-top). According to research by Parks Associates, the number of households subscribing to an OTT video service will cross 265 million by 2022. The global OTT subscription market is …

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Hulu set to lose $1.5 billion this year

American entertainment giant, Hulu is on track to lose nearly $1.5 billion in 2018, a 71 percent increase in losses from a year ago. In 2017, Hulu reportedly had suffered a whopping loss of $920 million. During the second quarter of 2018, the online streaming platform had lost $353.3 million and had suffered $436 million …

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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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OTT platform ALT Balaji adds 2.1 mn new paid users in Q1

Leading entertainment company, Balaji Telefilms’ OTT platform ALT Balaji has added more 2.1 million paid users in the April-June quarter. It is double the 1.2 million paid users it had added in FY17. Currently, the paid subscriber base stands at 3.3 million. With the over the top platform scaling up its original content offering, there …

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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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Naspers create VOD unit as online streaming battle intensifies

Global internet and media group, Naspers has created a new OTT video unit in order to counter competition from global VOD players such as Netflix, Amazon Prime Video, etc. To counter this stiff competition, Naspers has partnered its VOD business Showmax Africa and Internet TV service Dstv Digital Media to form a VOD unit called …

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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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CBS All Access predicted to touch 8 million subscribers by 2022

OTT giant CBS All Access is forecasted to double its OTT subscribers figures to 8 million subs in 2022. With SVOD platforms focused on churning out original content, CBS All Access is all set to increase its original content production by 43% in 2019. Currently, CBS All Access offers both VOD and live content to …

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Zee’s Arabic OTT platform Weyyak off to a good start with 3M users

Zee’s Arabic OTT service Weyyak registered a whopping 3 million users under its belt in the first year of its service that kickstarted in May 2017. The online video streaming platform recently was in news for inking a deal with Sharjah Media City. Currently, Weyyak’s content offering primarily consists dubbed Indian shows and Arabic drama …

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