Around the Net
SVOD Spending Up 23% YOY, Says New Report
- FieceContentMobile, Wednesday, November 11, 2015 12:07 PM
Subscription video on demand services are enjoying a steady rise, with consumer spending growing 23% year-over-year in the third quarter of 2015 to $1.27 billion, says a new report by The Digital Entertainment Group. The jump helped contribute to total U.S. digital spending for the quarter of $2.12 billion, a figure that includes electronic sell-through (EST), video on demand (VOD) and subscription-based streaming like Netflix and Amazon Prime Instant Video. What's interesting is that while U.S. consumers are spending roughly the same amount for home entertainment in 2015 as they did in 2014, they're spending their money in different ways.
