5 OCT 2020

SPAIN WILL HAVE OVER 20 MILLION OTT USERS BY 2021

Greater studio competition, coupled with an increase in digital video viewing in Spain amid the nationwide lockdown, will push the number of subscription OTT video service users in Spain to 20.2 million in 2021, according to eMarketer.

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Streaming services are increasingly vying for projects, talent, and viewers in Spain. Netflix began producing originals in this country in 2016 and opened its first European production hub in Madrid in spring of 2019. Not to be outdone, HBO España and Amazon Studios each produced several series in the country last year. Meanwhile, Viacom and Spain-based broadcaster Atresmedia continued making investments in this vein, as did telecom behemoths Orange and Telefónica (via its streaming service Movistar).

Greater studio competition, coupled with an increase in digital video viewing in Spain amid the nationwide lockdown, will push the number of subscription OTT video service users in the country to 20.2 million in 2021, which is 40.1% of its population, according to a new report from eMarketer.

Netflix reported that it gained 10.1 million subscribers worldwide in Q2 2020, a direct result of both the pandemic and heavy expansion initiatives. The company said it had added another 15.8 million in Q1 2020, which comes out to 25.9 million new subscribers worldwide in H1. In light of this, eMarketer adjusted its Netflix user estimates up for every country in Western Europe this year.

Though Netflix will boast the largest user base in Spain, its share of subscription OTT video service users will be lower there than in other major markets in 2020. In Germany, the streamer will claim 77.1% of such users, and in Denmark, France, and the UK, over 80%. In Spain, however, that figure will be 70%, likely because viewers there can choose from a wider variety of subscription OTT video services.

“Growth should slow down in H2 2020, so Netflix must continue to work hard and fend off competition from emerging platforms like Disney+, HBO Max, and even Amazon Prime Video. Though competition abounds, we still view the subscription OTT landscape as a story of ‘Netflix versus the rest,’”  said Matteo Ceurvels, Multilingual Digital Strategist, Analyst and Journalist covering Latin America and Spain at eMarketer.

Though competition abounds, we still view the subscription OTT landscape as a story of ‘Netflix versus the rest’” Matteo Ceurvels Multilingual Digital Strategist, Analyst and Journalist covering Latin America and Spain at eMarketer