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Due to the pandemic, mobile adoption boomed in 2020, advancing 2-3 years in 12 months. Therefore, mobile time spent surpassed live TV, according to App Annie’s latest “State of Mobile” report.

The idea $400 million film studio stemmed from a boom in film production and the unique sceneries of the region. The studio complex will include four sound stages, water tank, animation, and post-production facilities.

A new study from Juniper Research identified digital games as the sector to generate the highest revenue by 2026, accounting for 45% of the global market value.

The service reported $440 million in March of last year and 33 million monthly active users, drawing in $150 million in advertising alone. That rate of advertising revenue growth puts it about a year behind Pluto TV.

During the virtual event, “Transforming the Digital Media Space from the Inside Out,” executives representing the leading Hispanic market ad networks admitted that, with booming streaming outlets all over the world, including the avod market-dominating by 40-60% in Latin America, a total digital market transition is expected to take place within the next two decades.