Nordic streaming market approaching 14 million subscriptionsWednesday, December 2nd, 2020
Mediavision – Nordic Streaming Market: Close to 14 Million Subscriptions by Fall 2020
In the past 12 months, Nordic households have signed up for close to 3 million additional streaming subscriptions, e.g. SVOD. This entails yet another year of substantial growth, resulting in the Nordic market today boasting 13.6 million subscriptions in total. The primary driver to growth is stacking, i.e. households subscribing to an increasing number of services, as concluded in a newly released analysis of the Nordic TV- and streaming market by Mediavision.
Further, Mediavision can conclude that most new subscriptions stem from global, US, streaming services. Close to half of these additional subscriptions are Netflix and Disney+. The latter has, without doubt, had most success this autumn. Close to 1.2 million Nordic households have now signed up for Disney+, rendering a household penetration of 10% in the Nordics.
Disney+’s rapid growth has outperformed all other competitors thus far and the service immediately qualifies into the Nordic top-5 list – joining Netflix, Viaplay, HBO Nordic and C More.
Local Nordic streaming actors have also grown substantially, with approximately 1,5 million added subscriptions collectively. Each Nordic country has at least one local streaming service. In total, the Nordic services now amass more than 5.6 million subscriptions. The biggest player is Viaplay, partly explained by it being available in all four Nordic countries. Among the strictly domestic services, TV2 Play in Denmark is the largest, followed by TV2 Sumo in Norway.
Nordic households have also increased their spend on paid streaming. This entails that a paying streaming household now spent approximately 19 EUR per month for an average of 2.1 services in fall of 2020. This represents an increase of spend of approx. 10% in one year.
Mediavision’s analysis points toward continued strong growth in the coming months, explained by the household’s intentions to acquire even more subscriptions. The increasing supply of operator’s own streaming services further boosts this development.
- Tenstorrent to build AI and RISC-V chiplets with LG for Smart TVs
- DISH brings its linear TV to the digital ad marketplace
- health tv launches first FAST channel with Amagi
- Number of UK SVOD homes falls in 1Q 2023
- inext signs Moldova distribution contract with DIGIMAX
- EL PAIS begins live broadcasts on its FAST channel with The Channel Store