- From 2018 to 2019, the number of people who cut cable more than tripled
- Video on demand is seeing, predicting continued growth
- Company offering unique options such as ‘moviesodes’ and audition opportunities to app users
Amid the economic turmoil of today, one sector is consistently showing growth during the worldwide pandemic of COVID-19. Already valued at $56.55 billion in 2019, the video on demand (VoD) industry is predicted to reach $120.91 billion by 2025 (http://nnw.fm/V2pG7). With more people looking to social distance and stay at home, the industry continues to see a boom. These same customers are turning to smart television and apps that give them the freedom and financial flexibility to watch what they want when. This exodus is good news for companies such as The Movie Studio Inc. (OTC: MVES), whose business model includes subscription and advertiser video on demand (SVoD/AVoD) along with over the top (OTT) services.
As early as March 25, 2020, an article in Forbes predicted that COVID-19 would create a 50% to 70% surge of internet use, with streaming jumping up by…
NOTE TO INVESTORS: The latest news and updates relating to MVES are available in the company’s newsroom at http://nnw.fm/MVES
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