Image credit: Kolovrat
Income from films and
TV episodes on OTT platforms in the Asia-Pacific region, are expected
to shoot up to a massive US $48 billion in 2024 – a very impressive
figure, which more than doubles the $21 billion recorded in 2018. In
fact, new research from Digital TV, indicates that in 2019 alone, the
total regional revenue from OTT TV films and episodes will escalate
by $5 billion [1].
Further, by 2024, Japan and China will answer for 71% of revenue within the Asia-Pacific area. “In total, China will command the lion’s share - having 57% of the revenues earned by 2024 in the 22 countries covered in the Asia Pacific OTT TV and Video Forecasts report” [1].
From the OTT
platforms such as OONA Indonesia: which is set to serve 185 million
Indonesians with its cutting-edge next generation ad-based, free
service that actually rewards viewers just for watching and sharing
content; AVOD (ad-supported video-on-demand) will generate the most
revenue, making up 52% of revenues. Conversely, the income from SVOD
(subscription video on demand) services' such as the option also
offered by OONA, will yield 39% of the total share.
Revenue from ad-based video-on-demand appears set to exceed subscription video in the massive Chinese, Indian and Japanese markets. Further, the report anticipates that by 2024, the AVOD revenue from China alone, will be $16.60 billion – which equates to two-thirds of the entire region's total [1].
Subscription
video-on-demand revenue from the Asia Pacific will make a giant leap
from approximately $8 billion this year, to $19 billion in 2024.
China’s portion will make up around fifty percent of this total;
and while India’s SVOD revenues are on course to be four times
higher at that time - the Indian market will still not reach China's
colossal power for generating revenue [1].
Digital TV Research's principal analyst, Simon Murray, stated that: “We forecast 407 million SVOD subscriptions [an SVOD subscriber can have more than one subscription] by 2024, up from 221 million in 2018. China will have 289 million SVOD subs in 2024. India and Japan will supply a further 31 million each” [1].
Digital TV Research's principal analyst, Simon Murray, stated that: “We forecast 407 million SVOD subscriptions [an SVOD subscriber can have more than one subscription] by 2024, up from 221 million in 2018. China will have 289 million SVOD subs in 2024. India and Japan will supply a further 31 million each” [1].
“Asia is predicted to be the main driver of growth in the VOD industry” [1]
OONA's state-of-the-art
futuristic and customer-focused attributes, such as its ADSREWORD
powered Reward Tech solution, along with its highly beneficial
business model for studios, content holders and telecoms, have
empowered OONA to shoot up the ranks. - It is now listed as one of
the top 5 video-on-demand platforms in South-East Asia (2018), along
with HOOQ, Viu,Viki and Catchplay [1]. Further, OONA is classed as
one of the top 10 video-on-demand platforms in the Asian continent in
2018, along with the aforementioned platforms, and iflix, LeTV,
TenCent Video, Iqiyi and Youku Tudou [2]. Moreover, Digital TV
Research has forecast that although Netflix is running in at fourth
in subscriber rankings, it will nonetheless, have a slim edge if it
wants to top the 2024 SVOD revenue chart [1].
More About OONA
OONA Global TV is the
new super kid on the block in the OTT digital entertainment sphere. -
It is revolutionizing the TV industry with its free, ultra cool
ad-based live/video on-demand (and premium option) interactive mobile
entertainment platform, which rewards users with a virtual currency
just for watching and sharing the content they love, and interacting
with OONAbot, the genie in the app who personalizes everything they
desire. The virtual currency (tcoins), can be redeemed for all kinds
of in demand branded goods and services, discounts, free meals, fun
days out, free telephone minutes and telcom products.
A Cut Above the Rest
A Cut Above the Rest
OONA offers up to 300
top international/local channels which can sit on top of Netflix, HBO
and local TV. - Or stand alone - meaning that with the AVOD option,
there are no more subscriptions - ever!
Founded by leading
digital strategist and AI expert, Christophe Hochart, OONA started
out in Indonesia in 2017, where it partnered up with mega telcom
giant, Telcom Indonesia. It is now set to serve 185 million people
there, and is on route to provide its free service to billions of
people in other parts of Asia, the US, Africa, the Middle East and
Europe.
References
References
[1]. Hawkes, Rebecca (2019).
“Asia’s OTT revenues to reach US$48BN in 2024.” https://www.rapidtvnews.com/2019031855485/asia-s-ott-revenues-to-reach-us-48bn-in-2024.html?utm_campaign=asia-s-ott-revenues-to-reach-us-48bn-in-2024&utm_medium=email&utm_source=newsletter_2054#axzz5iWUQTfsC Accessed 19 Mar. 2019.
[2]. VdoCipher (2018). “Top 20 Online VOD Platforms in Asia [Updated 2018].”
https://www.vdocipher.com/blog/2018/07/asia-vod-platforms/ Accessed 19 Mar. 2019.