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Russia accounts for 50% of Eastern Europe’s OTT revenues
MUMBAI: Eastern European OTT TV and video revenues for 18 countries will reach $1,976 million in 2021, up from only $26 million recorded in 2010 and $454 million in 2015, according to a new report from Digital TV Research.
The Eastern Europe OTT TV and Video Forecasts report states that Russia accounted for half the region’s OTT revenues in 2015 and will remain at around this level for the next five years.
From the $1,522 million additional revenues between 2015 and 2021, Russia will provide $724 million, with Poland bringing in a further $220 million.
Digital TV Research principal analyst Simon Murray said, “The Eastern European OTT TV and video sector is more immature than most of the rest of the world. Although this is changing with several platform launches, the region will still have lots of room for growth after 2021.”
Subscription video-on-demand [SVOD] will become the region’s largest OTT revenue source in 2016. SVOD revenues will total $1,142 million by 2021, up from only $4 million in 2010. Russia (up by $460 million between 2015 and 2021 – or more than sextupling) will remain the SVOD revenue leader, with Poland taking second place.
Digital TV Research forecasts 19,706,000 SVOD subscribers by 2021, up from 125,000 in 2010 and 3,356,000 by end-2015 – sextupling between 2015 and 2021. Russia will have more than 10 million SVOD subscribers by 2021.
Murray explained: “Netflix launched across the region in January 2016. However, it has been criticized for being too expensive [€8-12/month], lacking local content – or even being too English-language, and is yet to announce any local distribution partnerships. Perhaps Netflix has plans to rectify this, but it better move quickly before local players (especially in Russia and Poland) gain too great a foothold.”