According to a new report from London-based Direct TV Research Ltd., worldwide revenues from video-on-demand movies and TV shows will top $5.7 billion in 2016.
These 2016 projections represent a 58 percent increase from 2010 global revenues of $3.6 billion.
Internet-based television revenue is expected to overtake that of digital terrestrial TV by 2012.
The U.S., Italy and China are projected to be the top three VOD markets.
Simon Murray, author of the report, points out there is minimal evidence free VOD offerings will drive transactions. “There is little evidence to suggest that these free services actually encourage subscribers to pay for on-demand titles,” Murray wrote. “In fact, it may be harder to convince households to pay for on-demand services if they have become accustomed to receiving free on-demand titles.”
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