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The data also indicated that people were spending more on digital video at home than going to the theater. While theatrical spending has risen very slightly in 2018 to reach $ 41.1 billion, the world has spent a total of $ 42.6 billion in streaming, download and video on demand. The records, meanwhile, dropped to $ 13.1 billion, just over half of what they were in 2014.
This is not a decisive victory for online video, at least not yet. The cable and the satellite are even larger than the streaming when it is combined. More importantly, cable and satellite remain the most lucrative in terms of revenue or even profits. The cable money inflow rose $ 6.2 billion in 2018 to reach $ 118 billion, suggesting that people who used cable were paying more than ever. The MPAA added that most of those who subscribed to Internet services also had conventional television, suggesting that the number of cord cutters was not as important as you think.
These are nevertheless important steps for video on the Internet. It is now the most popular individual television format in terms of subscriptions, and companies wanting as wide coverage as possible may need to pay attention. Similarly, award-winning film studios and groups may need to take streaming streams more seriously, even if they have been less than pbadionate in the past. Although conventional television and theaters are far from gone, they could have reached a point of inflection.
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