COVID Supercharged Media Consumption Propelled 2020 Online Video and Gaming Market Value to US$330 Billion, Says ABI Research
The global pandemic and the shift to remote work/schooling engendered a captive audience that accelerated trends within the media and entertainment industry. Streaming video subscriptions climbed as households stacked subscriptions, driving subscription revenues to over US$69 billion in 2020.
Worldwide TV Shipment Growth Hits 8-Year High, as 8K Comes into Focus
Worldwide TV shipments are riding high, ending 2018 with the strongest growth rate this decade, with value up by 6%, according to a new market report from Futuresource Consulting.