Report Overview
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Video Entertainment Market Outlook
- PublisherVenture Insights.
- Publish Date May 5, 2016
- Sector Broadcast TV, Digital Media, Physical media, SVOD, Technology, TVOD, Video Entertainment.
- Company Foxtel, NETFLIX.
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The Revolution Continues
Executive Summary
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The Australian Video Entertainment market has now shrunk by over $600m (11% nominal) from its peak in 2009
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The OTT revolution continues to reshape the Video Entertainment marketplace
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Streamed digital media (SVOD, TVOD and EST) are growing strongly at the expense of traditional media (Satellite and HFC delivered Premium Pay-TV and Physical media in the form of Blu-ray and DVDs)
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However, greater levels of competition mean that revenues from digital media are not fully replacing existing revenues
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Consumer spending on video peaked at $5.8bn in 2009
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Through to the end of June, the market will have fallen to a forecast $5.2bn (2016) and we expect it to shrink further to $4.8bn by 2020