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Article: Explosive Growth Forecast by In-Stat in Online Video Market, Netflix Subscription Model Wins.
- Article from:
- Business Wire
- Article date:
- August 13, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SCOTTSDALE, Ariz. -- The worldwide online video market is experiencing dramatic growth, reports In-Stat (http://www.in-stat.com). Worldwide online video revenue is expected to eclipse US$4.5 billion by 2012, up from $1.2 billion in 2008, the high-tech market research firm says. Purchased/rented videos are expected to offer the most robust growth for online video in the near term, in large part due to an increase in subscription services such as Netflix, which charges a flat monthly fee to deliver an optimal combination of packaged goods and online content that can be viewed on home TV sets. Ad-supported professional video from major TV networks will become a strong revenue ...