Middle East And North Africa OTT TV episodes and movies will generate $5.69 billion in revenue by 2028. This will double from $2.83 billion in 2022. Turkey, Israel and Saudi Arabia together will account for 55 per cent of the region’s revenues by 2028. The 13 Arabic-speaking countries will generate $2.47 billion in 2028; up from $1.28 billion in 2022.
New and boosted tax breaks, plus state-of-the-art facilities and a lean, skilled crew base are drawing a growing number of productions to Scandinavia, a region whose content continues to be in high demand both locally and globally.
Netflix co-CEO Ted Sarandos revealed a continued investment push in the Indian market on Saturday. In a freewheeling chat with Indian filmmaker Sanjay Leela Bhansali in Mumbai to promote the latter’s upcoming Netflix series “Heeramandi,” Sarandos was bullish about India, repeating what he said on Friday to local media about the market’s growth.
During his recent visit to India, Co-Chief Executive Officer Ted Sarandos stated that Netflix saw a 25 percent increase in revenue and a 30 percent increase in engagement and watch time. He went on to say that the Indian market would experience the fastest growth in 2022 and that the country’s paid subscription numbers were the highest in the world.
Netflix has announced a collaboration with the Spanish football league LaLiga to create its first sports docuseries in Spain. The documentary series, which is currently in pre-production, will focus on the 2023-2024 La Liga competition and will premiere on Netflix worldwide next year.
Trai chairman PD Vaghela told reporters Monday that all the sections and areas of the country need to be provided with the benefits of the latest technologies like 5G and that can only happen with digital inclusion.
Despite a slight drop in 2020 due to the COVID pandemic, figures show a 40%-plus growth of the audiovisual industry in the past five years, distributed evenly between co-production and service production. In addition to the national rebate of 25%, productions can get up to 40% incentive money thanks to top-ups from regional film commissions.
Netflix, the American streaming platform, may be widely regarded as a relatively premium service catering to up-market, English-speaking audiences in India but the country saw a 30% increase in engagement and watch time and a 25% rise in revenue in 2022, co-chief executive officer Ted Sarandos said.
Meta Verified starts at $11.99/month on web or $14.99/month on Apple’s iOS. The company will launch the service in Australia and New Zealand this week with more countries “soon,” Zuckerberg, Meta’s chairman and CEO, said in announcing the plans Sunday.
For filmmakers, it’s an incredible honor to be nominated for an Oscar. The added exposure can also lead to a profit boost for smaller releases. That comes with a downside too, however, as recent data reveal that Oscar nominations also tend to cause a spike in pirated downloads.