Global SVOD subscriptions to grow by 485 million: Research

Global SVOD subscriptions to grow by 485 million: Research

The subscriptions will reach 1.69 billion in future.

Global SVOD

MUMBAI: Global Subscription Video On Demand (SVOD) subscriptions will surge by 485 million between 2021 and 2027 to reach 1.69 billion. Six US-based platforms will have 988 million paying SVOD subscribers by 2027, up from 612 million in 2021, according to a report by Digital TV Research.

Digital TV Research principal analyst Simon Murray said, “Our Netflix forecasts for 2027 are 29 million lower than our February update – at 253 million. Netflix needs to boost its content to counter its fresher and cheaper rivals.”

Despite losing four million subscribers in North America, a total of 31 million subscribers Netflix will add between 2021 and 2027.

It is estimated that Disney+ will overtake Netflix in 2025. Disney+ will add 144 million subscribers between 2021 and 2027 to take its total to 274 million Disney+ Hotstar will roll out to 13 Asian countries by 2027. These countries will supply 114 million (42 per cent) of the global Disney+ subscriber total, but only $1.58 billion (11 per cent) of Disney+’ revenues ($14.7 billion) by 2027.

Netflix will remain the revenue winner, with $34 billion by 2027 – similar to Disney+, HBO Max and Paramount+ combined. However, the Netflix total is only $4 billion more than 2021 as subscriber growth decelerates and average revenue per user (arpu) is squeezed.