Netflix and Amazon are poised to become the biggest moneymakers for movies in the U.K. in the next four years.
According to consultancy PricewaterhouseCoopers, U.K. revenue for streaming video services, which offer film and TV content, will grow by more than 30 percent to reach $1.81 billion by 2020, overtaking local cinema spending, which it estimates will reach $1.80 billion, with admissions rising from 172 million in 2016 to 179 million in 2021.
“Demand for internet video shows no signs of slowing down,” said Phil Stokes, U.K. head of entertainment and media at PwC, speaking to The Guardian. “The...
According to consultancy PricewaterhouseCoopers, U.K. revenue for streaming video services, which offer film and TV content, will grow by more than 30 percent to reach $1.81 billion by 2020, overtaking local cinema spending, which it estimates will reach $1.80 billion, with admissions rising from 172 million in 2016 to 179 million in 2021.
“Demand for internet video shows no signs of slowing down,” said Phil Stokes, U.K. head of entertainment and media at PwC, speaking to The Guardian. “The...
- 6/14/2017
- by Alex Ritman
- The Hollywood Reporter - Movie News
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