Only days apart, the UK’s largest satellite broadcaster, Sky, and the US’s biggest cable company, Comcast, announced plans to expand their services online.
The media industry’s increasing dependence on Chinese capital sets up a crisis once the chickens of China’s property market come home to roost.
Netflix added 19 million subscribers in 2016, a new record for the digital distributor. Although, the company has quadrupled its long-term debt since 2014.
China doubled the number of movie screens from 20,000 in 2013 to 41,000 by 2016. Conversely, 2016 was the worst year in a decade at China’s box office.
After major global expansions by Netflix, Amazon, and China-based SVOD providers, subscriptions increased by 70 million in 2016, totaling $5.3B in growth.
Movies are no longer a priority at Netflix. Adding more movies to its library doesn’t increase the amount subscribers watch.
The UK government’s strategy to encourage investment during a downmarket is allowing firms to acquire valuable assets at deep discounts.
German market researcher GfK found that 90% of OTT users in the UK have access to smartphones, but only 4% of those use it to stream OTT content.