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Global SVOD Subscriptions Surge
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Global SVOD subscriptions are projected to increase by 321 million between 2023 and 2029, reaching 1.79 billion. The US will lead the way with 30 million additional subscriptions, followed by Brazil and India with 23 million and 27 million respectively. The report emphasizes the profitability of leading platforms like Netflix, Disney+, Paramount+, HBO Max, Amazon Prime Video, and Apple TV+.
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How do these projections reflect the changing consumer preferences and behaviors in the entertainment market?
How might the surge in global SVOD subscriptions impact the traditional television industry?
What strategies could streaming platforms employ to further capitalize on the projected profitability?
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