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06.12.2023 / 12:59

Korean Streaming Subs Reach 19M While Market Braces For Tving, Wavve Merger

Korea’s premium VOD industry continued to grow in the third quarter of 2023, with the number of subscriptions increasing by more than 700,000 to reach 19 million, according to the latest report from Media Partners Asia (MPA).

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variety.com

03.01.2024 / 03:13

Asia Video Market Forecast to Hit $165 Billion by 2028, Says Study

Patrick Frater Asia Bureau Chief Asia’s video industry is set to grow by an annual 2.6% over the next five years to reach $165 billion by 2028, says a new study from research and consultancy firm Media Partners Asia. That follows 5.5% growth in 2023. The firm’s “Asia Pacific Video & Broadband Industry 2024” report spans a widely-defined cluster of free TV, pay-TV, SVOD, premium AVOD and user-generated content and social video in 14 Asia-Pacific countries and territories.

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variety.com

06.12.2023 / 09:01

Korea Streaming Sector Still Growing, Despite Pending Consolidation – Study

Patrick Frater Asia Bureau Chief South Korea’s subscription video market grew by more than 700,000 in the third quarter to reach more than 19 million, according to new research from research and consultancy firm Media Partners Asia. The firm’s “Online Video in Korea” report shows that Disney+ was the fastest growing platform in the period studied, propelled by its hit Korean-produced series “Moving.” The company now has some two million subscribers in the country, though it still trails market leaders Netflix and Tving.

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deadline.com

01.11.2023 / 07:35

Taiwan’s Premium VOD Subscriptions Top 5.8M In Q3; Netflix & Disney Driving Growth, Report Says

Taiwan saw significant premium VOD subscriber and engagement growth in the third quarter of 2023, adding 315,000 net new SVOD subs to reach a total of 5.8 million subscriptions, according to a report by Media Partners Asia.

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deadline.com

27.09.2023 / 04:49

“The Time Is Right To Create An Alternative To Television”: Uday Shankar On India’s Digital Revolution – APOS

Bodhi Tree Systems co-founder and former Disney APAC chief Uday Shankar outlined how his new venture – along with Reliance’s JioCinema – are building an alternative to legacy media in one of the world’s fastest-growing markets, on the first day of Media Partners Asia’s APOS conference in Bali, Indonesia.

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variety.com

17.08.2023 / 07:05

APOS Conference to Focus on Disruption, Value Creation in Asian Entertainment Industry

Patrick Frater Asia Bureau Chief With the global entertainment industry still rocked by the impact of streaming, the pandemic – and Hollywood’s twin strikes – the APOS conference will next month examine disruption and the responses to it from a senior executive Asian perspective. After being held virtually during the COVID era and then last year making a stop in Singapore, the conference itself will return to Bali, Indonesia, and be held 26-28 Sept.

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deadline.com

06.03.2023 / 13:03

Netflix To Boost APAC Content Investment By 15% In 2023 – Report

Netflix will splash the cash in the APAC region this year, boosting content investment by 15% as revenues grow by 12%, according to a report from Media Partners Asia (MPA).

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variety.com

06.03.2023 / 09:15

Netflix to Increase Asia Content Spending by 15% in 2023 as Revenue Growth Accelerates in the Region – Study

Patrick Frater Asia Bureau Chief Global streaming operation Netflix is forecast to spend $1.9 billion on local content in the Asia-Pacific region this year as group revenue from the region accelerates to 12%, according to a new report. The content investment spending figure represents a 15% hike. Netflix will grow revenues this year by 12% year-on-year to exceed $4 billion compared with 9% growth in 2022, says a new report published on Monday by Media Partners Asia.

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variety.com

20.02.2023 / 17:23

Subscription Video Enjoys Growth Surge in Southeast Asia, But Analysts Say Streamers Face Tougher 2023

Patrick Frater Asia Bureau Chief Growth of premium video services in Southeast Asia accelerated in the second half of 2022, to reach 48.4 million paid subscriptions, according to a new report. But the same analysis sees growth slowing and costs accelerating. The latest report from Media Partners Asia, “SEA Online Video Consumer Insights & Analytics” shows 48.4 million paid online video subscriptions at the end of 2022 in Indonesia, Malaysia, the Philippines, Singapore and Thailand. The full year saw 11.8 million net new customers, with 7.3 million of that total coming in the second half, including 4.6 million in the fourth quarter. Indonesia accounted for half of the increase.

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deadline.com

28.09.2022 / 12:35

APOS 2022: Netflix East Asia Content Chief Minyoung Kim On Pushing Into Southeast Asia, And How ‘Squid Game’ Is A Local Show

Creating locally authentic content has been key to Netflix’s success in producing shows in Asia that have resonated globally, according to Minyoung Kim, Netflix Vice President of Content, APAC ex India, speaking at APOS, which is taking place virtually and in-person in Singapore this week (September 27-29).

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variety.com

24.05.2022 / 15:57

Subscription Video Continues to Gain in Japan – Study

Patrick Frater Asia Bureau ChiefSubscription video streaming services in Japan counted 48.4 million subscribers at the end of the first quarter, with Netflix and Amazon Prime Video accounting for nearly half of the market.The data is part of the latest research from research firm Media Partners Asia and is partially based on its sister company AMPD’s proprietary household measurement service.The strength and implied profitability of platforms in Japan is significant at a time when media and entertainment firms have endured a stock market rout, with investors changing focus from top line growth to costs and profitability.MPA’s “Japan Online Video Consumer Insights & Analytics” report for the end of the first quarter showed Amazon Prime accounting for 34% of total subscriptions, Netflix 14% and Hulu Japan 6%. They were followed by Abema TV, TVer and U-Next significant in the AVOD, freemium and SVOD categories, while Disney+ is steadily growing its reach in the market.

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variety.com

27.04.2022 / 23:05

‘Snowdrop,’ ‘Rookie Cops’ Help Disney Plus Join Top Five Streamers in Korea – Study

Patrick Frater Asia Bureau ChiefThe South Korean streaming market is consolidating around five major players as it also emerges as a hub for premium local content.New research by consultancy firm Media Partners Asia and its AMPD Research platform show that the country boasted 14.1 million premium video streaming subscriptions at the end of 2021 and that usage of premium platforms accounted for a growing share of total viewing time.SVOD leaders Netflix, Wavve, TVing, Coupang Play and Disney+ captured an aggregate 85% share of SVOD subscriptions in Korea and 83% of SVOD streaming minutes.“Within Korea, nearly 70% of premium video consumption is driven by Korean dramas, movies and variety shows, while U.S. series and movies capture 14%,” said Vivek Couto, MPA’s executive director.

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variety.com

09.09.2021 / 17:17

Stampede Ventures Hurtling Towards Media Landscape Led by Foreign-Language, Indies and… Theatrical

Patrick Frater Asia Bureau ChiefAs the world exits the COVID pandemic and enters the streaming era, nobody can doubt that the entertainment industry is undergoing permanent changes. Few companies, however, are preparing for it in the fashion of Greg Silverman’s Stampede Ventures.It is going to be less American and more youth-driven, Silverman, a former president of creative development and physical production at Warner Bros., said Thursday.

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variety.com

07.09.2021 / 09:47

Online Delivery Is now Driving Video Industry Growth in Asia, but China Regulations Are Cause for Concern

Patrick Frater Asia Bureau ChiefOnline platforms have now replaced the free-to-air and pay-TV sectors as the engine of video industry growth in the Asia-Pacific region. Both advertising-supported and subscription video are becoming more dominant.The conclusions were presented as part of an opening address by Vivek Couto, managing partner at research firm Media Partners Asia, on the first session of the three-day APOS conference.

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variety.com

21.07.2020 / 08:37

Virus Speeds Asia’s Shift From TV to Online Video, Prioritizes Local Content (Report)

Patrick Frater Asia Bureau ChiefThe video entertainment sector in Asia will shrink this year as the coronavirus and economic slowdowns weigh heavily on advertising revenues. Many countries will not see recovery to 2019 levels for several years.The upheaval is accelerating the shift from the traditional TV and pay-TV sectors to over-the-top consumption and business that will increasingly go direct-to-consumer.The tectonic shifts were outlined by Vivek Couto, executive director of Media Partners Asia, and organizer of the APOS conference that kicked off Tuesday in virtual form.His “Playing Through the Pandemic” analysis forecasts Asia-Pacific advertising revenue dropping by 3%.

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Asia Video Market Forecast to Hit $165 Billion by 2028, Says Study

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