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AMC Networks announced the global rollout of its premium SVOD service, AMC+, which has gained momentum in recent months with new launches in Spain, Korea, India, New Zealand, and Australia.

Amagi's "Global FAST Report" report found that global AVOD ad revenues are expected to hit $56 billion by 2024, while APAC continues to be on top of the list with an ad revenue projection of around $25 bn by 2024.

The subscription video on demand service revenue in Japan is expected to increase at a compound annual growth rate (CAGR) of 10.1% from $4.5 billion in 2022 to $7.3 billion in 2027, according to GlobalData.

Under the terms of agreement, SPI has committed to distributing the channel in multiple formats, including linear, FAST, and VOD.

Under the newly established role, Cheng will oversee the SVOD business in the United States, where he will be responsible for revenue growth, profit and loss and the overall performance of the service.