Research firm Parks Associates’ OTT Video Market Tracker service recently reported service-stacking is at an all-time high in the US. Parks Associates’ quarterly survey of 10,000 US Internet households finds 50 per cent reported subscribing to four or more OTT services in 1Q 2022, with nearly a quarter having nine or more services. “Service-stacking in […]
Video software provider Synamedia has acquired Quortex, the privately-held provider of a cloud video delivery platform. Financial details were not disclosed. With this acquisition, Synamedia says it will enhance its cloud Video Network capabilities, complementing its VIVID Workflow as-a-Service (WaaS) with a set of solutions for OTT content processing, disaster recovery, long-tail content processing for […]
SaaS platform providers Newsbridge and Alpha Networks have teamed up to offer sports and media organisations an end-to-end cloud video management and OTT solution. The integrated solution for content asset production and distribution combines Newsbridge’s Cloud Media Hub and signature Multimodal Indexing AI technology, with Alpha Networks’ Bee propelled by Kinow leading Live & On-Demand […]
VlogBox has partnered with Twin Sisters Digital Media to help distribute their content across top CTV platforms – Roku, Amazon Fire TV, Android TV. Two CTV channels have been developed by VlogBox so far: Twin Sisters Music (a music library) and Twin Sisters Storytime Anytime (a collection of audio tales). Kim Mitzo Thompson and Karen […]
Channel Fight Masterclass, an OTT channel dedicated to the instruction of martial arts and self-defence has announced a distribution deal with FITE TV – the global FAST streaming platform for combat sports and entertainment. The arrangement brings Channel Fight Masterclass to a global audience via FITE 24/7’s distribution on all the major OTT platforms including […]
Anthony Wood, CEO of streaming and device platform specialist Roku, has predicted that, eventually, all TV will move to streaming platforms, with advertisers following the audience away from traditional linear TV broadcasts. Speaking to CNBC at the Cannes Lions festival on Roku’s take on the ad market, Wood said that “all television is going to […]
Findings from Parks Associates reveal that US pay-TV subscriptions and revenues are on a continuous decline as consumers embrace OTT services. The research firm’s report, Video Services: State of the Market, forecasts that traditional pay-TV will decline to 76.7 million households by 2024, the lowest penetration in a decade and a 27 per cent drop […]
Canadian lawmakers have passed new piece legislation that would compel streaming services operating in the country to offer more local content. Bill C-11 cleared the House of Commons and will become law once the Senate adopts it. The bill will update the Broadcasting Act to bring streaming platforms within its regulation. While the primary focus […]
The global entertainment & media (E&M) industry surged ahead last year, strongly outpacing overall global economic growth, according to advisory firm PwC’s Global Entertainment & Media Outlook 2022-2026. Following a pandemic-related 2.3 per cent decline in 2020, E&M revenue rose a strong 10.4 per cent in 2021, from $2.12 trillion to $2.34 trillion (€2.24trn). With […]
Findings from a study by CTV advertising and marketing technology platform Digital Remedy suggest that marketers are increasingly turning to CTV/OTT to reach audiences. “The growth we are seeing in the DTC space is remarkable – and while DTC marketers recognise the potential of CTV/OTT, many of them are just beginning to allocate spend there,” […]