The President and CTO of Aurbit explain the platform's advantages for the content industry and how it can generate new financing revenues at the development stage.
According to Omdia, nearly half of these revenues will stem from streaming video, which is forecast to reach $24 billion in 2025. The FAST expansion will contribute to this growth.
Omdia’s latest consumer survey revealed TikTok surpassed 1.9 billion monthly active users globally, including 145 million MAUs in the USA, and amassed $63.3 billion (including China) in video revenues.
By the close of 2024, the region is expected to reach nearly 2,500 screens, reflecting the rising demand for cinematic experiences across MENA, driven primarily by Saudi Arabia.
The company presented its Q3 2024 financial results, showing varied performance across business segments amid continued challenges in the media industry.