Online streaming video services such as Netflix and Hulu will make more money per year than the US movie box office by 2017, according to a new report released by PricewaterhouseCoopers. The report projects that streaming services will be the biggest contributor to the American filmed entertainment industry in four years, as the revenue generated by TV and subscription video on-demand providers reaches almost $14 billion, $1.6 billion more than the amount earned from the traditional cinema box office. PwCs analysts say the money earned from on-demand video will rise by $10 billion in five years. Online and TV-based streaming services combined to pull in a revenue of $7.34 billion in 2013, a figure that PwC says will rise to $11.47 billion in 2016, before reaching $17.03 billion in 2018.
Video streaming services could make more money than the US box office by 2017
05
Jun
2014
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