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Global Digital and Mobile Media - Video Streaming, Smart TV and Entertainment IndustriesNEW YORK, May 25, 2016 /PRNewswire/ -- The global streaming revolution is taking place Pay TV appears to have flat-lined, mostly in countries where cable has achieved 90% household penetration. There is increasing evidence of cord-cutting – consumers are turning off their TV and opting for over-the-top internet services. As a result, services such as the US video streaming service-provider Netflix are thriving. Netflix is currently expanding outside of its domestic market and in early 2016 it had over 75 million subscribers worldwide. In 2015 Hollywood's revenues saw video streaming overtake revenue from DVDs for the first time. Looking ahead, BuddeComm sees the continuing adoption of cloud technology in the digital entertainment sector along with the increasing implementation of wearable technology. Mobile gaming still has considerable growth opportunities, especially as mobile broadband infrastructure continues to improve. This will also assist the ongoing progress of mobile TV/video. The developing markets still offer enormous prospects for digital entertainment with changes to business models and content perhaps required in order to capitalise upon this potential. Key developments: Revenue generation for digital services is still highly dependent on the advertising sector. Global mobile app revenues in 2016 are expected to reach over $50 billion. Around half of all digital music revenue globally is now generated by streaming music sales. By early 2015 digital music distribution accounted for more than 70% of music revenue in the US, compared to about 21% for CDs. Games are by far the most popular genre of app downloaded. Social networks are subject to the fickle nature of consumer preferences and in recent years Twitter has felt the impact of slowing popularity. In 2016 Facebook further strengthened its video capabilities with the launch of its Facebook Live Video feature. The switch-over to digital TV is well underway with over 1 billion digital households globally. China, USA and India account for the majority of digital homes. Movement towards TV channel-unbundling are still underway in Canada. Read the full report: http://www.reportlinker.com/p03808971-summary/view-report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-digital-and-mobile-media---video-streaming-smart-tv-and-entertainment-industries-300275179.html SOURCE Reportlinker |