Despite the economic problems the territory faces, the UK Entertainment & Media sector expects a robust long-term growth over the next four years, with the market expected to be valued at £97 billion by 2026, according to PwC.
The recessionary economic environment and the rising cost of living could cause OTT subscriber growth to stall in 2022; become negative in 2023 before turning positive again leading up to 2026.
Pay-TV service revenue in the country is set to decline over the forecast period in line with the continued losses in Cable-TV and DTH subscriptions because of the cord-cutting trend in the country and the growing popularity of OTT video alternatives such as Netflix and Stan.
The Group has acquired the exclusive rights to UEFA Nations League, friendly matches, UEFA Euro 2024 qualifiers, the FIFA 2026 World Cup qualifiers and UEFA Euro 2028 qualifiers.
The SVOD service revenue in India is expected to grow at a compound annual growth rate of 15.5% from US$1.3 billion in 2021 to US$2.7 billion in 2026, according to GlobalData.