The demand for free ad-supported streaming TV (FAST) has exploded over the past few years, with virtually no sign of slowing. Variety Intelligence Platform (VIP+) Analysis predicts that FAST ad revenue will rise from between $3.5 and $4 billion in 2022 to between $5.3 and $6.1 billion in 2025. Moreover, Amagi’s most recent consumer report found that nearly one-third of American households said they would cut their TV subscriptions first in an economic downturn, with almost two-thirds of that group saying they would switch to FAST.[1] The reason is simple: When subscription rates and pay-TV services chip away at already fragile consumer budgets, consumers will simply turn to platforms that stream their favorite content free-of-charge, yet with ad support.
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The most successful content providers build their systems based on foundational partnerships out of view of the end user, yet deeply considerate of their patterns and preferences. For such partnerships themselves to be successful requires the right interlocking mesh of forward-thinking requirements, adaptable tools capable of receiving and applying the requests and experienced teams driving the vision to fruition.
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Cloud-based asset management, post production and distribution are now the norm in the media and entertainment (M&E) industry. If you want to stay competitive, you need more than a technical partner who simply recognizes your business demands. You need a partner who inherently understands how cloud-native architecture provides unique benefits and possibilities that can keep your company ahead of the curve.
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[tcb-script src="https://players.brightcove.net/4229317768001/default_default/index.min.js"][/tcb-script]During the IABM TV interview, Sumit Rai, the Chief Product Officer, and Mo Volans, the SVP Product Marketing, both of Blackbird plc, discuss their journey to their current positions and provide insights into the challenges faced by video content creators. Furthermore, they elaborate on how their new platform aims to address these challenges.
In this piece, we list a few ways for retention and the role Enveu can play in the same.
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As pay-TV operators and service providers look to boost their monetization, targeted TV advertising is gaining significant traction. Even Netflix has surrendered to the trend, joining the rest of the other streaming giants in the AVOD world by launching its own advertising tier.
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With recessions taking their toll and subscription income flatlining, scouting out new monetisation options to boost balance sheets has never been more critical for the media and entertainment industry.
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Red Hat began by providing software to run on Linux about 30 years ago. As the largest open-source company in the world, we believe using an open source development model helps create more stable, secure, and innovative technologies. Our portfolio is broader, including hybrid cloud infrastructure, middleware, agile integration, cloud-native development, and management and automation solutions for service providers.
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Jeff Bezos once compared Amazon’s approach to customer experience to hosting a party 24/7. “We see our customers as invited guests to a party, and we are the hosts. It’s our job, every day, to make every important aspect of the customer experience a little bit better.” Bezos’ comments came way back in 2004. But they could just as easily be describing the challenges facing broadcast media today as brands look for growth in the OTT market.
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