Consumer expenditure on entertainment content is poised to reach US$439 billion globally by 2021 according to research from Futuresource Consulting. The latest Global Entertainment Content Outlook report calculates that this would represent a 17% increase from 2017. TV and video accounts for the lion's share of this consumer spend, and subscription video-on-demand (SVOD) services such as Netflix, Amazon Prime Video and Hulu are rapidly dominating the overall home video entertainment sector including DVD, Blu-ray, EST, VOD and SVOD.
American streaming device consumption is at an all-time high with US broadband households having on average more than seven video access devices. Consumers taking control and making their own prime-time schedule on multiple devices each night of the week is a theme being explored in an educational opportunity at NABSHOW. NABSHOW billed as the ultimate event for the media, entertainment and technology industry, taking place in Las Vegas between the 7th and the 12th of April.
Connected homes, streaming devices and workplaces are poised to be radically transformed by the faster wireless networks and internet of things (IoT) connections which are set to triple between 2017 and 2025.
Video piracy is continuing to burn through service provider revenue with operators losing US $6 to $8 billion annually, according to ABI Research. The researchers said that the evolution of video piracy has shifted from pirated set-top boxes to content redistribution over broadband networks, with the most common forms of piracy being illegal fully-loaded Kodi boxes, social network live streams, torrents of exclusive series or movies, web-based redistribution via file lockers, and password sharing.
Google’s Artificial Intelligence home entertainment hub – Google Home- has launched in the Australian market and is poised to try and shake up the competitive streaming space. The voice-operated connected device launched with inbuilt integration of streaming providers Netflix and Stan, and has also partnered with Spotify. The AI function allows users to control the streaming platforms via voice as a starting place and will be progressively rolling out third-party apps for added services.
An innovative movie-on-demand service is part of the $630 million New Bendigo Hospital development project. New Bendigo Hospital is the single largest regional development hospital project Victoria has ever undertaken and is a fusion of technology, progressive healthcare and new approaches to patient-centred wellness.
