Global online TV episode and movie revenues will reach $129 billion in 2023, more than double the $53 billion recorded in 2017. About $16 billion will be added in 2018 alone, according to a new report from Digital TV Research.
From the 138 countries covered in the report, the top-five will command 69% of global revenues by 2023. This proportion is down from 73% in 2017, revealing that the rest of the world will grow at a faster rate. OTT revenues will exceed $1 billion in 17 countries by 2023, up from 10 countries in 2017.
Principal analyst Simon M
urray remarked:
“No prizes for guessing that the US will remain the dominant territory by some distance. However, its share of global revenues will fall from 43% in 2017 to 37% by 2023. We forecast that revenues in the US will more than double between 2017 and 2023, adding nearly $25 billion to reach $48 billion”.
China will also add $17 billion over the same period to nearly triple its revenues to a total of $26 billion. China’s global share will climb from 16% in 2017 to 20% in 2023.
