Netflix produces more original content than other streaming services, leading to varied show demand. Famous shows have higher demand, but most originals don’t do well. Facing competition and cuts, Netflix is investing in content that succeeds and bolstering its library.
Read MoreIn Africa, Netflix is losing its market leader status as Showmax claims a 40% share of the streaming market. Despite investing millions on local content, subscription growth remains stagnant. However, a recent 6.8% increase in subscriptions has generated $135 million revenue for Netflix. Challenges such as limited credit and debit card penetration limit further growth.
Read MoreVizio is outperforming Roku in Q3 2023, with 12% higher engagement and 9% higher ARPU. Despite a tough ad market, Vizio has leveraged the home screen to capture more revenue and increase its ARPU by 14%. Conversely, Roku saw a 7% decline and higher Platform+ revenue from strong home screen revenue.
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CommScope, a telecom vendor, recently saw its shares drop drastically to below $1.80 amidst a reduced EBITDA guidance and the potential sale of access networks and wireless units. While Raymond James upgraded it to “market perform”, the risk of bankruptcy still lingers.
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Streaming revenue increased 4% in Q3 2023, reaching $66B. Netflix led at 51%, with domestic avg. rev./subscriber at $10.68/mo. Growth is projected to rise to $76.9B in 2024 and $85.7B in 2025, though subs. growth will slow to 5%. Peacock gained 17% in Q3 while 70% of net adds are from international markets.
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Disney’s Hotstar streaming site hit record viewership of 59 million during the World Cup, beating out rival Viacom18’s 32 million peak. Disney is now facing lower subscription rates in India and considering its future options.
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Samsung TV Plus has seen a 60% viewership increase over the last year. The product upgrade includes a range of new features, including Kids Hub, Music Destination, Movie Hub and a News offering. These are available on Samsung Smart TVs, Galaxy devices, Smart Monitors, Family Hub refrigerators and the web.
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Samsung TV Plus now offers 300+ channels in the U.S., plus global content and feature updates like 5.2 which includes dedicated kids and music destinations, holiday titles, seasonal playlists and more. Major news networks are available, as well as multicultural channels like Ebony TV with beloved films and titles.
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MultiChoice, operator of DStv pay-TV system, has lost 486k subscribers in South Africa this year, bringing total #s to 8.629 million. It blames economic pressures and competition for decline.
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MultiChoice sees 5% revenue decrease, impacted by loadshedding and non-paying customers. Subscribers for Showmax up 13%. Irdeto acquired new customers and DStv Insurance premiums up 31% YoY. Relaunch of upgraded App and product suite powered by SuperSport will occur in February 2024.
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ProSiebenSat.1 reported €888m revenue in Q3 2023, a 3% drop YoY but 11% over nine months. Digital ad revenue increased 16%, offsetting 5% dip in TV ad revenues for stable Entertainment division. Joyn surged 58%, and restructuring (400 job cuts) enables future growth. Slight revenue increase predicted to close year.
Read MoreLionsgate surpassed expectations with $1 billion revenue, while TV sector decreased due to strike. Lionsgate acquired Ent. One from Hasbro for $500M & Starz gained 200K OTT subs, now at 12M. Sign up to stay on top of streaming/OTT industry.
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