Global spending on video entertainment is up, with 6% YoY growth in 2023, amounting to a $324 billion annual spend. James Duvall, Head of Entertainment at Futuresource Consulting, expects further expansion this year, despite inflationary pressures. The sector achieved 6% YoY growth in 2022 and 2023, with an additional $10 billion expected this year.

Revenue in the Video Streaming (SVoD) segment currenlty amounts to US $25,894m in 2020 and is expected to grow at an annual rate (CAGR 2020-2024) of 4.1%, resulting in a market volume of US$30,410m by 2024 according to a new report from Statista analyzing the global Video Streaming (SVoD) market.

Disney+’s rollout has been one of the most discussed and debated content service launches ever. Futuresource is bullish about its prospects in most key markets, with it expected to challenge for the number two or three SVoD position behind Netflix and (where significant) Amazon Prime Video. The depth of content at launch is impressive, with approximately 600 movies and TV show franchises, providing a long tail of Disney content unmatched on existing services and with strong appeal to families. Futuresource estimates that around two-thirds of Disney+ subscribers will have children under 12, with this base crucial in helping maintain overall subscriber loyalty to the service across the long term.

The dynamism of the subscription video sector has showed no sign of slowing in the first half 2019; with a high sense of anticipation for what is to come during the remainder of the year. Most of the current focus has centred around the potential Netflix dampening services which have yet to launch; namely Disney+, WarnerMedia and Apple TV+.

The Denmark video market continues to progress strongly, with total spend growing by 7% in 2018 to DKK 10.21 billion (US$1.53 billion), with SVoD driving growth. This has been supported by steady growth in the transactional digital market and robust EST growth, according to the latest video insights market report from Futuresource Consulting.

In 2017, global consumer expenditure on entertainment content (video, games and music) worldwide continued to climb. By 2021, this spend is set to reach $439 billion globally, a 17 percent increase from 2017, according to the latest Global Entertainment Content Outlook report from Futuresource Consulting.

The overall US video and Pay-TV market continues its healthy overall growth and is set to reach $140 billion by the end of 2018, according to the latest video entertainment report from Futuresource Consulting. This is despite the continuously evolving and challenging landscape.