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DUBLIN–(BUSINESS WIRE)–The “Australian Video Entertainment Market Forecast & Outlook 2023” report has been added to ResearchAndMarkets.com’s offering.
This annual forecast report provides historic and forecast subscription revenues over the period 2019 to 2027 (June year end) for the main verticals in Australia’s subscription video entertainment industry.
Key Market Insights
- The Australian video market is forecast to grow at 3.9% CAGR over FY23/28 to reach A$9.2b in FY28, mainly driven by SVOD growth. The pandemic caused a 47% boost in SVOD revenues in FY21, and SVOD will continue to grow over FY23/28 driven by higher take-up and higher ARPU.
- Pay-TV will remain under pressure driven by structural changes in the way video content is consumed. Foxtel will offset this pressure by participating in the SVOD market, but will come under increasing pressure towards the end of the forecast period. Securing content deals remains a challenge, but some global SVOD players may withdraw in coming years, and would then be looking again for domestic content partners.
- Technology has marginalised the physical media industry as consumers have moved away from renting and storing movie content on DVD and Blu-ray discs, to digital formats. However, physical media continue to attract a subsegment of viewers. Cinema revenues are projected to remain grow, mainly due to recovery from the pandemic and rising ticket prices.
An executive summary provides an overview of video subscription growth or contraction in each of the main categories, and the historic and forecast trends in household expenditure on different kinds of video entertainment.
Individual forecasts of subscription and purchase expenditures along with related discussion of drivers, are provided in each of the following verticals:
- Pay-TV
- SVOD
- TVOD/EST
- Physical media
- Cinema
The report includes expenditure forecasts and CAGR for growth over FY22/27 for each industry category, and supplemented by supporting information in tabular and graphic formats.
The report concludes with a methodology chart and a table of definitions and sources. All revenues are provided in Australian dollars.
Key Topics Covered:
- Executive Summary
- Average household spend by type
- Premium Pay-TV: Foxtel manages premium decline
- SVOD: shift from connection growth to ARPU growth
- SVOD: Netflix to remain largest SVOD player but faces growing competition
- TVOD/EST: Decline due to SVOD competition
- Physical media: online substitutes drive decline
- Cinema: Ticket price inflation drives growth
Companies Featured
- Foxtel
- Binge
- Kayo
- Disney+
- Amazon Prime
- Stan
- Fetch
- Telstra TV
- Paramount+
- Apple TV
- Youtube
- Optus
For more information about this report visit https://www.researchandmarkets.com/r/cmzok3
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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The post Australian Video Entertainment Market Forecast & Outlook to 2027, Featuring Foxtel, Binge, Kayo, Disney+, Amazon Prime, Stan, Fetch, Telstra TV, Paramount+, Apple TV, Youtube and Optus – ResearchAndMarkets.com appeared first on Headlines of Today.
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