Consumer Spending on Streaming Jumped 20% Yoy in Q3 2023

DEG, an investment firm, saw a 20% increase in profits this quarter due to investments in private equity and venture capital. Consumer spending on movies and TV rose 16.8%, with digital formats accounting for 96%. Ad-supported premium AVOD and FAST content hit an estimated $4.5B in ad revenue. Theatrical release delays may impact upcoming quarters.
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