Global streaming is shifting from rapid subscriber growth to a focus on retention, monetization, and diversified content delivery. With mature markets slowing and engagement slipping, SVOD platforms are expanding into lower-ARPU regions, testing ad-supported tiers, and forging partnerships like Netflix’s landmark TF1 deal, which blends traditional TV, live sports, and on-demand programming.
As PayTV revenues decline, bundling is helping curb churn, and hybrid models are emerging as a path forward. The platforms best positioned to succeed will combine deep content libraries, advanced ad tech, and strategic regional alliances to capture audiences and advertisers in an increasingly fragmented market.
Global Streaming Markets Lose Momentum
After years of breakneck expansion, the global subscription video-on-demand (SVOD) market is slowing and recalibrating. In the United States, premium SVOD services such as Netflix, Disney+, HBO Max, and Peacock counted a combined 260 million subscriptions in 2024, growing about 10% year-over-year. Netflix remains the dominant player with a 26% share, followed by Hulu and Paramount+ at 14% each, Disney+ at 13%, and Peacock at 11%.
However, when factoring in niche and specialty streamers, sports-only services, and virtual bundles, the total SVOD subscription base reached nearly 339 million in mid-2025. That represented a 9.5% increase year-over-year—well below the double-digit surges of prior years. Growth among specialty services slowed to just +12% in mid-2025, compared to +22% a year earlier, while sports-only streamers actually declined by about 1%.
Yet behind these headline numbers lies a new reality: subscriber growth in mature markets is cooling. In the first half of 2025, VOD engagement fell across every global region, with playtime and daily title consumption down in North America (-18% playtime, -4% titles per day), Europe (-12%, -6%), and Asia (-10%, -4%). Even as platforms add subscribers through bundling, like the Disney+ and HBO Max bundle with an 80% three-month retention rate, keeping audiences engaged is proving harder.
Ad-free plans now average $14/month, up from $11—the economics of content acquisition remain under pressure. Ad-supported subscriptions, now 45% of the market, promise new revenue streams but are also pushing platforms toward higher ad inventory and lower CPMs.
Why the Netflix-TF1 Deal Matters
Netflix’s landmark agreement with France’s largest broadcaster, TF1, is far more than a regional licensing deal—it’s a potential blueprint for streaming’s next phase. Starting summer 2026, Netflix will carry 30,000 hours of TF1 on-demand programming alongside live feeds of its linear channels, including sports, primetime entertainment, and reality franchises.
This is the first time Netflix has integrated live, linear channels into its platform, positioning itself as both a streaming service and a PayTV aggregator. TF1’s reach, including 58 million broadcast viewers and 35 million streaming users, offers Netflix a massive funnel for French market engagement and new ad inventory.
Analysts see this as a flashpoint for hybrid ecosystems that blend live sports, traditional TV, and on-demand streaming under one roof. The move could expand to other territories, especially where Netflix already holds strong subscriber bases but needs local content depth. In effect, Netflix is leveraging broadcast infrastructure to reduce churn, extend viewing hours, and lure advertisers seeking scale.
The Ad-Supported Balancing Act
SVOD’s pivot to ad-supported models is reshaping the economics of streaming. While subscriber tolerance for ads appears high—over half of users opt for ad-supported plans when offered—the flood of ad inventory has driven CPMs down. For major players, this means scaling audiences through content diversity, regional partnerships, and live events that can deliver mass concurrent viewership.
FilmTake’s licensing data reveals that top-tier platforms can command higher rates when content is exclusive, high-engagement, and regionally relevant. The Netflix-TF1 deal checks all three boxes, particularly for French advertisers seeking premium placement during live sports and high-profile broadcasts.
However, the competition for ad dollars is intensifying as social platforms leverage AI-driven targeting capabilities. This shift is pushing streamers to invest in advanced ad tech, unified audience data, and more personalized inventory. The winners will be those that can match the precision of social media while offering the brand safety and premium environment of long-form TV content.
The economics remain fraught. Deloitte’s 2025 Digital Media Trends Survey found that 41% of consumers now say streaming content isn’t worth the price, up five points from last year, while 47% believe they’re already paying too much. Even as ad-supported tiers gain traction, the combination of slowing subscription growth and heightened price sensitivity suggests that monetization will be as much about retention as acquisition.
Discover What Streaming Services Pay to License Films and Shows
Accurate Rates. Global Insights. Confident Decisions.
Ditch the guesswork—access accurate licensing rates and real deal terms from actual film and television agreements across global markets.
Each report delivers verified values from streaming deals across multiple release windows, giving you the clarity to price, package, and license your content with precision.
Designed for industry decision-makers, our downloadable reports provide the clarity and context needed to inform negotiations and guide smarter long-term strategies.
Licensing Terms & Included Programs:
Gain access to detailed rate cards for films and series across key territories and licensing windows—backed by over a decade of verified deal data across formats and media types.
- Motion Pictures: Pay-1, First Run, Second Window Features, Recent Library Features, Library Features, Current and Premium Made-For-TV Films and Direct-To-Video Films, covering many license periods over the last decade
- Episodic TV: Current, Premium, Premium Catalog, Catalog Series (1HR & 1/2HR), and Catalog Miniseries + Case Studies on Current Mega Hit, Catalog Mega Hit, and Premium Catalog, covering multiple licensing periods
AMC Networks: Holding the Line
While tech-driven streamers pivot toward hybrid and ad-heavy strategies, AMC Networks is navigating the structural decline of PayTV with a different playbook. Despite an 18% drop in ad revenue and a 12% slide in affiliate fees in Q2, AMC is projecting $250 million in cash flow this year. Streaming revenue rose 12% to $169 million, with subscriber counts inching up to 10.4 million.
AMC’s leadership insists it has no plans to sell or spin off its cable assets, even as rivals shed linear portfolios. The company’s approach hinges on leveraging its library—spanning AMC, Sundance TV, IFC, and BBC America—across its own streaming platforms. This strategy, however, faces headwinds in an era where “zombie channels” running endless sitcom reruns are increasingly out of step with consumer viewing habits and FAST channel competition.
For AMC, the challenge will be balancing its legacy distribution obligations with the need to invest in IP that can anchor streaming growth. Without bold moves in content strategy or distribution partnerships, the network risks being left behind as hybrid aggregators like Netflix-TF1 become the norm.
Global Expansion vs. ARPU Reality
Much of the SVOD industry’s growth potential lies in Asia-Pacific, the Middle East, and emerging markets. Yet these regions bring lower average revenue per user (ARPU) and higher operational complexity. Services are increasingly weighing whether the subscriber bump offsets the revenue gap.
Localized content—backed by generative AI for dubbing and subtitling—offers one path to profitability. The Netflix-TF1 partnership demonstrates how blending global scale with local relevance can strengthen market penetration. Meanwhile, FilmTake’s SVOD Rate Reports highlight that in many territories, licensing local hits is more cost-effective than producing originals, though competition for those rights is intensifying.
Slowing growth in mature markets makes this expansion pressure even sharper. Data shows non-premium streaming, specialty, sports, and vMVPD bundles grew only 6% year-over-year in Q2 2025, compared to double-digit gains just a year prior. This flattening trajectory forces global players to chase lower-ARPU regions where the path to profitability is uncertain.
The Economics Behind the Headlines
From a dealmaking perspective, understanding rate structures is no longer optional. The SVOD Rate Reports, covering U.S., European, and Latin American markets, break down per-title costs, output agreements, and performance metrics, helping distributors and producers navigate shifting market value. For instance, while U.S. platforms can still command $2–4 million per title in certain Pay-1 licensing deals, European rates—especially in France, Germany, and the UK—are increasingly influenced by hybrid rights packages that blend streaming and linear exposure. These arrangements not only hedge against streaming churn but also deliver cross-platform ad inventory, a significant selling point for broadcasters.
FilmTake Away: The Future is Hybrid
The Netflix-TF1 deal signals a strategic convergence of streaming and PayTV, one that could redefine SVOD economics over the next five years. The model promises lower churn, broader ad reach, and deeper local engagement—advantages that could prove decisive as growth slows in mature markets.
For SVOD platforms, the next phase will demand both local depth and global reach, supported by sharper ad tech and more flexible licensing strategies. The winners will be those that can merge old and new—broadcast and on-demand, local and global—into a single, compelling subscription.