This week's insight...

Here is your lunchtime round-up of the latest news and insights within the TV, VOD & FAST Industry:

1. 普华永道 's Global Entertainment & Media Outlook said that while there is "clearly more room for growth overall" in the global streaming market, a "new commercial reality" has emerged post-pandemic. It forecast global streaming video revenue will rise at a compounded 8.4% annually between 2022-27 to be worth $174.6bn, with 13.8% CAGR for AVoD outstripping SVoD's 7%. It said “AVoD is the next growth driver. As the new straitened economic reality of prospects for SVoD businesses has set in, the advertising-supported video-on-demand (AVoD) market, which has not been exploited in many territories or by some of the biggest streaming players, will become the biggest growth driver.”

Source: https://www.hollywoodreporter.com/business/business-news/cord-cutting-streaming-avod-pwc-report-outlook-2027-1235517286/

2. Disney said it believes proposed laws giving streaming service subscribers a 14-day cooling-off period during which they can cancel without charge would encourage some viewers to game the system. It told a Lords committee scrutinising the Digital Markets, Competition and Consumers Bill: “This would allow these bad actors to benefit from our service without compensation to the detriment of the vast majority of good actors as it could likely result in a price increase given the reduction in the subscriber base and the high cost of producing high-quality content... We believe that the Draft Bill adopts overly burdensome obligations on services that are already driven by market imperatives and incentives to ensure consumer satisfaction, including frequent use.”

Source: https://www.telegraph.co.uk/business/2023/06/21/disney-uk-laws-viewers-binge-watch-tv-shows-free/

3. CANAL+ Group has agreed to invest $300m in PCCW’s Asian streaming service Viu in a staggered process which will ultimately result in it holding a 26.1% stake. Source: https://deadline.com/2023/06/canal-acquisition-viu-pccw-asian-streamer-1235421524/

4. Netflix has launched Streamberry.tv, a real-life version of the fictional streaming service lampooned in the latest series of Black Mirror.

Source: https://techcrunch.com/2023/06/20/netflix-launches-website-based-on-the-fictional-streaming-service-from-black-mirror/

5. Kent County Cricket Club has partnered with Easel TV to launch the UK's first live pay-per-view streaming service for Twenty20 matches. Games cost ￡5.99 each.

Source: https://www.broadbandtvnews.com/2023/06/20/easel-tv-streaming-live-t20-cricket-for-kent/

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