Global OTT revenues to grow to $243 billion in 2028Monday, November 28th, 2022
OTT revenues to reach $243 billion
Global OTT TV episode and movies revenues will reach $243 billion in 2028; up by $86 billion from $157 billion on 2022. About $17 billion will be added in 2023 alone.
Simon Murray, Principal Analyst at Digital TV Research, said: “AVOD revenues from TV series and movies will grow faster than SVOD. AVOD revenues will reach $91 billion by 2028, up by $52 billion from $38 billion in 2022. SVOD revenues will climb by $29 billion between 2022 and 2028 to $132 billion.”
The top five countries will command two-thirds of global revenues by 2028. OTT revenues will exceed $1 billion in 25 countries by 2028; up from 18 countries in 2022.
The US will remain the dominant territory by some distance. Its share of global revenues will be 42% by 2028. US revenues will climb by $33 billion between 2022 and 2028 to reach $102 billion.
Links: Digital TV Research