TV subscriptions to pass 3 billion in 2027 – Omdia

New research predicts the number of global online video subscriptions will exceed 2 billion, and the number of pay TV subscriptions will ‘still’ be 1 billion in 2027, though Netflix expected to lose 2 million customers in Q2 2022.
The number of online video subscriptions has been rising ‘at impressive levels’ according to research from Omdia, which claims the global total increased from 1.14 billion at end of 2020 to 1.34 billion at end of 2021, representing a 17.7% hike.