{"id":3017,"date":"2016-06-02T16:06:28","date_gmt":"2016-06-02T16:06:28","guid":{"rendered":"http:\/\/worldscreen.com\/tvlatina\/report-latam-ott-revenues-to-reach-3-59-billion-by-2021\/"},"modified":"2016-06-02T16:37:07","modified_gmt":"2016-06-02T16:37:07","slug":"report-latam-ott-revenues-to-reach-3-59-billion-by-2021","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvlatina\/report-latam-ott-revenues-to-reach-3-59-billion-by-2021\/","title":{"rendered":"Report: LatAm OTT Revenues to Reach $3.59 Billion by 2021"},"content":{"rendered":"
LONDON: OTT TV and video are booming in Latin America, where revenues are expected to triple 2015\u2019s figures to reach $3.59 billion in 2021, according to a new Digital TV Research report.<\/p>\n
The Latin America OTT TV & Video Forecasts<\/em> study notes that SVOD will remain the region\u2019s largest OTT revenue source, contributing $2.09 billion by 2021. The report also estimates 31.87 million SVOD subscribers by that same year, up from only 12,000 in 2010 and 11.22 million at end of 2015.<\/p>\n The fast take-up of SVOD is expected to adversely affect download-to-own buying patterns, albeit less so than in the rental sector. The move towards SVOD services will stifle the pay-per-view or rental market as they provide similar consumer propositions. However, OTT TV and video rental\/pay-per-view revenues will still expand rapidly, climbing from $100 million in 2015 and to $295 million in 2021.<\/p>\n Advertising on OTT sites will bring in $727 million by 2021, up from $266 million in 2015. Still, free-to-air catch-up viewing is unlikely to be as prevalent as it is in regions such as Europe.<\/p>\n Simon Murray, principal analyst at Digital TV Research, said: \u201c2015 and 2016 are seminal years for Latin American OTT TV and video. Several high-profile platform launches from some very well-positioned companies have already taken place, with more still to come. Launched across the region in September 2011, Netflix is already established. However, substantial SVOD competition is now a reality from the likes of America Movil\u2019s Claro Video, Telefonica\u2019s Movistar Play, HBO Go, Televisa\u2019s blim and Millicom\u2019s Tigo Play.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" LONDON: OTT TV and video are booming in Latin America, where revenues are expected to triple 2015\u2019s figures to reach $3.59 billion in 2021, according to a new Digital TV Research report.<\/p>\n","protected":false},"author":291,"featured_media":3018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[206,203],"class_list":["post-3017","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-top-stories","tag-digital-tv-research","tag-ott"],"yoast_head":"\n