Around the Net
Global TV Subscription Revenues Leap 5% To GBP244bn
- The Guardian, Friday, December 11, 2015 7:03 AM
Subscription services such as Sky were the main driver of growth, rising 5.4% to account for £125bn, just over half of the total, according to Ofcom. Ad revenue also increased significantly, by 5.3%, but income from public funding such as TV licensing grew more slowly at a rate of 1.7%. In the UK, the growth of Netflix and Amazon Prime increased revenues for online video by GBP278m to GBP908m. However, the market remains small compared with the US, where revenues are now well in excess of GBP6bn.
