17 Apr '18, 2pm

Study: U.S. OTT Revenue Climbed 41% in 2017

Over the top access revenue topped $11.9 billion in 2017, a 41% increase over the prior year and is expected to maintain that momentum for the foreseeable future, according to a Convergence Research Group study, The Battle for the American Couch Potato: OTT, TV, Online. According to Convergence, OTT revenue (based on 55 providers, led by Netflix) is expected to reach $16.6 billion in 2018, a 40% gain over 2017, and $25.6 billion in 2020. At the same time, U.S. cable, satellite and telco TV access revenue grew just 1% in 2017, to $107.6 billion, and should slip in the coming years. Convergence estimates that traditional pay TV revenue should dip to $107.4 billion in 2018 and $106.9 billion by 2020. Netflix Pay TV lost an estimated 3.66 million subscribers in 2017, up from 2.2 million in 2016, and should lose another 3.72 million in 2018, according to Convergence. The growth...

Full article: https://www.multichannel.com/news/study-us-ott-revenue-cl...

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