Following the launch of the Netflix and Hulu video streaming services in America, most savvy industry analysts knew that while it wasn’t clear how long it would take for these offerings to gain momentum, one thing was blatantly obvious — the disruption of the legacy pay-TV model had begun.
Over the Top (OTT) television and video entertainment revenues in Latin America — across thirteen countries in the region — are forecast to reach $2.91 billion by 2020, that’s up from the $1.13 billion expected in 2015.
The worldwide pay-TV market has surpassed more than 900 million subscribers during the first quarter of 2015, representing 48 percent penetration, according to the latest study by ABI Research.
Ultra high definition LCD TV panel shipments continue to rise. Shipments of 4K TV panels in April 2015 exceeded 3 million units for the first time — comprising 14% of all TV panels shipped globally during the month, according to IHS.
The consumer rebellion to abandon pay-TV is becoming a worldwide, but slow moving, phenomena. Parks Associates latest market study found that global OTT video service subscription revenues will increase from nearly $9 billion in 2014 to over $19 billion in 2019.
Worldwide subscribers to all over-the-top (OTT) video entertainment services — such as Netflix and Amazon Prime — will increase from 92.1 million in 2014 to 332.2 million by 2019, according the the latest market study by Juniper Research.
The global pay-TV services market — including cable TV, satellite TV, telco TV and over-the-top (OTT) video — totaled $237 billion in 2014, that’s up by 7 percent from the previous year, according to Infonetics Research. However, cable pay-TV revenue growth slowed to 1.8 percent in 2014, largely due to subscriber declines in North America.