New York (The Verge) — The MPAA says streaming video has surpassed cable subscriptions worldwide theverge.com/2019/3/21/1827….
The Motion Picture Association of America (MPAA) released a report that says that the global entertainment industry grew by 9 percent from 2017. In particular, it highlighted the rapid growth of streaming video, which grew to 613 million subscriptions worldwide, an increase of 27 percent in 2018.
The report lays out the health of the entire motion picture entertainment industry, and it reports that consumers spent $96.8 billion on entertainment around the world. The international theatrical box office grew to $41.1 billion (spending in the US and Canada grew to $11.9 billion), while home entertainment hit $55.7 billion internationally.
Specifically, “digital home entertainment was the driver of growth.” US digital sales grew by 24 percent, while international digital sales grew by 34 percent. At the same time, physical releases dropped in the US and internationally by 15 and 14 percent, respectively. The report lumps together digital sales, VOD, and paid subscription services, but it doesn’t break down how those contribute to the larger picture. Either way, it’s pretty clear that increasingly, more people around the world prefer to buy their entertainment from the internet, rather than buying a physical disc. — Andrew Liptak/@verge