Revenues at NBCUniversal in the fourth quarter rose by almost 6 percent to reach $9.9 billion, while parent company Comcast Corporation was stable at $30.6 billion, with a net income that slipped by 1.1 percent to $3 billion.
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SVOD revenues globally will rise to $321.9 billion in 2030, up from $105.7 billion last year, according to a new report from MIDiA Research, driven in part by gains in the Asia Pacific.
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Netflix reported 7.66 million net new additions in Q4 2022 to reach a total of 230.75 million members, with revenues up 1.9 percent to $7.85 billion.
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The rising availability of AVOD tiers on SVOD services and streamers' increasing spend on sports rights are among the key takeaways of Deloitte's 2023 Technology, Media & Telecommunications (TMT) Predictions.
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New data from Antenna suggests that Netflix's newly introduced advertising-supported tier has had a slow start, accounting for just 9 percent of new U.S. sign-ups last month.
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Bundling and pricing discounts will be key to U.S. SVOD platforms as they look to limit churn amid intensifying competition, according to Ampere Analysis.
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More than half of U.S. consumers would prefer to watch ads and pay between $4 and $5 less each month for a streaming service, according to new data from Hub.
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