London (The Guardian) — Netflix and Amazon score billion pound revenue in battle with UK broadcasters.
Without a major British rival, TV and film fans are turning to the Silicon Valley giants
Netflix is estimated to have made £693m in revenues from its 10 million UK subscribers last year, while rival Amazon notched up £400m from an estimated 7.7 million subscribers to its Prime Video service, according to research from media regulator Ofcom.
The streaming services of the UK’s main commercial broadcasters – ITV Hub, Channel 4’s All 4, Channel 5’s My5 and Sky’s Now TV – made about £530m last year.
The British services make money from a combination of advertising revenues and subscription income – such as for daily, weekly and monthly passes to Now TV and the 265,000 viewers paying £3.99 a month to get ITV Hub ad-free. The BBC’s iPlayer service, the biggest streaming service in the UK in an estimated 13.4m homes, does not take advertising or subscription revenue. — Mark Sweney/@guardian