Asia’s Online Video Market Passes $30 Billion as Paying Subscriptions Grow

The MPA report showed region-wide online video revenues of $30.5 billion in 2020. The company forecasts average growth of 12% per year, to reach $54.5 billion by 2025. Ex-China revenues grew by 14% in 2020, to reach $14 billion. These are forecast to grow faster yet, at a compound rate of 16% per year to hit $30 billion by 2025, with the SVOD:AVOD ratio by then moving to 52:48.

“Both Tencent, iQIYI are hoping their premium Chinese dramas and movies scale up in Southeast Asia while they add anime, Korean content and where relevant local acquisitions and originals. Tencent Video’s WeTV has been particularly successful in Thailand and has started to grow meaningfully in Indonesia.”YouTube is the dominant player with some 60% of total AVOD revenue in Asia Pacific, ex-China.

Disney Plus ended 2020 with 30 million subscriptions in Asia , MPA estimated. “Its subscribers in India are low-ARPU but the platform could secure 80-100 million subscribers in India if it can retain key sports rights and invest in local originals.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Roblox, a video game platform for kids, became a $30 billion companyRoblox is a social gaming platform that is played by more than half of the kids in America. The company has seen a jump in users during the pandemic and had plans to publicly debut, but has had a series of delays. Here's a look at the money behind the company, what makes it different from other gaming companies and the company's bet on growth. When is the ipo? I remember when I started, they thought it was a joke, now they all want to be a part of it.. well, the sky is wide enough for all the birds to fly. Invest in Bitcoin today and be forever grateful.. dm lisaMakT for more information Bloxy_News Good news 1000000
Source: CNBC - 🏆 12. / 72 Read more »

PITCH DECK: Granulate raises $30 million Series B for software-as-a-service - Business InsiderCheck out the pitch deck cloud optimization startup Granulate used to net $30 million, its second raise in 10 months
Source: BusinessInsider - 🏆 729. / 51 Read more »