Premium streaming financial success requires a lot of different kind of TV/movie content – not just a top-ten list or the most-viewed shows, according to MoffettNathanson’s latest report.
The penetration of streaming in US households has expanded to 80% in the first quarter of 2022 from 79% in the fourth quarter of last year, according to a new report from MoffettNathanson.
The industry is projected to garner $240 billion, and 10$ billion in revenue, while ad spending is expected to reach 7.25%, a possible 15% year-over-year increases in Q2 this year in comparison to last year's spending.
Consumer in the region spend on streaming services rose to USD 47 per month at the end of December as the increasing number of newly established streaming services chip away at linear usage. Americans now subscribe to four streaming services on average, up from three at the beginning of the virus outbreak in 2020, with 24% more seeking on-demand.
Roku, Hulu, Peacock, Pluto TV, and Tubi collectively gathered a 31% increase to USD 849 million last quarter. US CTV ad spending is projected to grow by 25.2% in 2020 as a result of increased media usage.