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Global Video Entertainment Spending Up 3%: Futuresource

By ( Multichannel News ) published

Pay TV accounted for 86% of global video entertainment spending in 2016, but SVOD is growing fast, according to a new report from Futuresource Consulting.

Overall, consumer spending on global home video entertainment grew 3% to $251.5 billion in 2016 from the previous year, Futuresource said. The consulting firm expects

the market, which includes pay TV, digital video and packaged video, to grow by 3% annually to $280 billion by 2020.

“SVOD was the standout performer of 2016 and momentum is expected to continue well past 2020,” said Tristan Veale, market analyst at Futuresource.

Futuresource expects global SVOD subscriptions to nearly double by 2020, to 485 million, from roughly 236 million at the end of 2016.

Read more at broadcastingcable.com.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.