FAST Channel Revenues across the Globe for TV series and movies are forecast to reach $17 billion across 138 countries in 2029.
FAST Channel Earnings for Broadcasters
This, according to the latest report from Digital TV Research, will be up from $8 billion in 2023. The US will contribute 38% to the 2029 total, down from this year’s 56%.
The report adds that global FAST revenues will increase by $9.4 billion between 2023 and 2029, with the US supplying $2.1 billion in additional revenues to reach $6.5 billion.
By 2029, the US will be the only country generating more than $1 billion in FAST Channels revenues. The UK and Canada will be close to $1 billion, with these three countries taking nearly half of the world’s total.
Commenting on the findings of the report, Simon Murray, principal analyst at Digital TV Research, said: “Pluto TV, Roku Channel and Samsung TV Plus will account for nearly half the global FAST revenues by 2029. The rest of the FAST market will remain fragmented, with far less globalisation than in the SVOD sector”.
AVOD FAST Video Revenues to reach $69bn
AVOD revenues for TV series and movies are forecast to grow to $69 billion by 2029.
This, according to the latest report from Digital TV Research, will be up by $30 billion from the 2023 total of $39 billion.
The report adds that the US will contribute 31% to the 2029 AVOD total; down from 40% in 2023 – showing that other countries are growing faster. The US will also increase by $6 billion between 2023 and 2029, with China adding about half that amount.
Commenting on the findings of the report, Simon Murray, principal analyst at Digital TV Research, said: “These forecasts are a lot lower than our previous edition due to lower ad growth and as platforms have delayed and/or scaled back their expansion plans. Most hybrid AVOD-SVOD tiers offered will be in developed markets. Few platforms want to risk antagonizing the investment community by expanding these services into developing markets where the rewards are lower”.