HVOD, live sports and password crackdown could reinvigorate Danish streaming
Wednesday, April 24th, 2024Mediavision: HVOD, live sports and password crackdown expected to boost growth on Danish streaming market
The Danish SVOD market is stable and shows clear signs of saturation. Both penetration and number of subscriptions per household, i.e. stacking, are stable in Q1. But cheaper SVOD packages with advertising, combined with a crackdown of password sharing, are measures that may boost growth once again. Live sports on streaming services could also increase consumer interest ahead.
The Danish streaming market showcases stability during the first quarter of 2024. Household penetration of direct-to-consumer services remains at roughly 65 percent, which equals approximately 1.7 million households. Stacking (number of paid streaming subscriptions per household) in Denmark is stable at just shy of three subscriptions per household. In total, Danish households today have 4.5 million paid streaming subscriptions.
This is in line with Mediavision’s forecast for the first quarter. The market has saturated over the last two years. At the same time, competition over the consumers has increased considerably. The economy has weakened and affected not only the households but also the media industry, leading to a current trend of reduced supply of new local Danish content.
However, there are various signs of change ahead. Several industry actors are currently taking measures to boost growth. By limiting account sharing and introducing lower-priced ad-supported plans (“HVOD”), Mediavision predicts that the overall streaming market’s revenue will grow during 2024. Another driving force is that several streamers are getting into live sports. This move will partly be financed by advertising, which will be an essential revenue stream for the industry going forward.
“The current stable market in Denmark was expected,” comments Fredrik Liljeqvist, senior analyst at Mediavision. “But looking ahead we expect growth, following the overall economic development as well as new strategies in the industry. It is also obvious that global streamers are increasing both their market shares and share of viewing. This is undeniably a challenge for local services in Denmark, and in the Nordics as a whole.”
Links: Mediavision
Latest News
- Samsung enables pay TV in India without the need for a set-top
- StackAdapt offers access to Channel 4 programmatic inventory
- More drivers and passengers watching video in the car
- Allegro DVT launches test suite for Brazil's TV 3.0 DTT system
- RTÉ chooses Dalet to modernize content ecosystem
- ThinkAnalytics launches contextual advertising solution