- Old media joins SVoD services in spending splurge on content
- Major film studios launch TV streaming services
- Recent report calls boom ($165 billion in 2018) a “golden age of spending”
The next blockbuster in the film-production world could be Wonderfilm Media Corporation (TSX.V: WNDR) (OTCQB: WDRFF). The company is set to benefit as subscription video on demand (SVoD) services and “old media” continue to splurge on content. Streaming services such as Amazon Prime, Hulu and Netflix are driving demand for video content from independent film producers. Not to be left behind, established studios are shopping for content too, further increasing demand. The competition between old and new media has resulted in a 65 percent increase in global content spending over the last decade. This is a trend that shows no signs of abating, which augurs well for Wonderfilm. The company is well positioned to significantly increase its existing $58 million annual production slate to meet new demand.
A recent report shows how SVoD has become an essential component of U.S. domestic felicity. “Nearly three fourths of American homes, 74 percent, subscribe to at least one of the major SVoD services, Netflix, Amazon Prime or Hulu, up from just 64 percent in 2017 and 52 percent in 2015,” the article noted…
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