TV & Video

The Australian video entertainment market is in full flow, achieving 4.9% revenue growth in 2023, to end the year at AU$6.6 billion, equivalent to around USD$4.3 billion. That’s according to a new video insights report from Futuresource Consulting, which identifies SVoD and box office as the primary revenue growth drivers.

While cloud products and services are available to a wide range of industries, the broadcast media and entertainment (M&E) industry has proven to be a challenging vertical to address. However, there are advantages for both vendors and end users who are willing to undertake the technical complexity of migrating file-based and live production workflows into the cloud.

The Indian video entertainment market continues to track upwards, resulting in a 6% increase in consumer spending in 2023, according to a newly released report from Futuresource Consulting. This post-pandemic recovery achieved revenues of near INR 760 billion, equivalent to more than USD$9 billion, and was predominantly driven by the growth of Box Office and SVoD.

Brazil’s video entertainment market recovery continues apace, chalking up 5% growth in consumer spend last year. That’s according to the latest Video Insights report from Futuresource Consulting. The specialist research firm notes that the popularity of Subscription Video on Demand (SVoD) and a post-pandemic box office bounce back were the key drivers of growth.

In the wake of financial unrest, inflationary tension and conflict, post-pandemic attitudes are beginning to shift. A new international wave of Living with Digital research from Futuresource Consulting shows that consumers in many countries are starting to feel financially less vulnerable. This has the power to make a positive impact on the entertainment choices they make.

Global spend on video entertainment continues to trend upwards, according to the latest data from Futuresource Consulting. The specialist research firm reports year-on-year industry growth of 6% in 2023, equating to a total annual spend of $324 billion, with further expansion anticipated this year.

The UK video entertainment market continues to put in an energetic performance, despite cost-of-living pressures stemming from high energy bills and rising food costs. A newly released report from Futuresource Consulting shows that the industry bounced back from its COVID-induced slump in 2021 and continued climbing, ending 2022 with an additional 10% growth.

In May, the Cologne Messe hosted ANGA COM. This annual event draws executives from around the world away from the comfort of their fibre-connected homes and offices to discuss connectivity and content in the flesh.

Entertainment moves at a lightning pace. Consumer habits are constantly shifting as new and immediate platforms disrupt the landscape. Technologies are advancing rapidly, and the possibilities they offer are generating excitement across the industry. With plenty more solutions primed for launch, it can be hard to pin down what’s next for the future of streaming.

It’s been a rocky road for cinema in recent years. From the booming popularity of SVoD services like Netflix and Amazon Prime creating cut-throat competition, to the Covid-19 lockdowns forcing theatres to close for vast stretches, to the cost-of-living crisis that’s driving consumers to tighten their belts. The beloved and culturally significant cinema has, in many ways, been battling to stay relevant.