Video streaming: 25% additional revenue in 2021

2021 has been a good year for media & entertainment companies around the world.

According to the Italian investment bank Mediobanca, the turnover of the main media & entertainment companies in the world increased by 13% in the first nine months of 2021, compared to the same period in 2020. The profit before interest and taxes, for its part, rose by 16%.

The streaming market on the rise, +25%

For video streaming services alone, revenue soared 25% year over year. The number of subscribers is growing steadily, with 26% more between September 2020 and September 2021. At the same time, pay TV only rose by 3.6%. Finally, it should be noted that of the eight most profitable operators, seven are based in the USA. Source: Advanced Television