Netflix to invest $1.9bn on APAC content in 2023: MPA
Netflix will grow revenues this year by 12% year-on-year to exceed $4bn compared with 9% growth in 2022.
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Netflix will grow revenues this year by 12% year-on-year to exceed $4bn compared with 9% growth in 2022.
In 2022, the APAC SVOD sector (excluding China) is expected to grow by 25% year-over-year to $12bn.
According to the report, SVOD revenue will reach $667m by 2026, driven by improvements in connectivity, elevated levels of pay-TV cord-cutting and the launch of new global platforms.
Online SVOD consumer spending revenue is forecast to grow at 15% CAGR over 2020-25 to reach $31.6bn by 2025, representing 40% market share.
The total Asia Pacific (APAC) pay-TV subscriber base grew 3% in 2020 to reach 668m, representing 62% penetration of total TV homes, adjusted for multiple subscriptions in a home.
Viu has planned more than 10 Korean drama series for February and March.
