NFLX - Global online video subs top 1B - but revenues still lag cable report says

Global online video service subscriptions have crossed the 1-billion mark, the Motion Picture Association says in a new report. But it's still taking second place among markets to cable television, it hastens to add. Aided by a stay-at-home/play-at-home year, online video subs rose 26% to 1.1B on a global basis in 2020 - in the U.S., online video subs rose 32% to 308.6M The market for U.S. home/mobile subs rose 21% to $30B, and the global online video industry's revenue jumped 23% as well, to $68.8B. But that still lags a cable industry with global revenues of $116B in 2020, John Eggerton notes. And the digital subs' jump only partly offset a tumble in box office due to the COVID-19 pandemic, the MPA notes: The global market for theatrical and home/mobile entertainment distribution fell 18% to $80.8B. Video growth trends are still on different tracks: While the amount of time

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Global online video subs top 1B - but revenues still lag cable, report says