- ‘Streaming wars’ generate growing demand for fresh content, with leading streaming service providers spending billions on content annually
- Wonderfilm already has a film library with 250 titles and is producing new original content on a regular basis to meet rising demand
- Company expects to generate $100 million in revenue by 2021, $20 million in deferred revenue early next year
- Approximately 69% of U.S. households now subscribe to streaming video services, up from 55% in 2017
Streaming is a highly lucrative segment fueled by the demand to control one’s own entertainment, which gave rise to the VCR back in the 1970s. The media has dubbed this pronounced entertainment conflict the ‘streaming wars’. The race to capture content streaming consumers is a key feature of modern-day entertainment, as shown during a broadcast (http://nnw.fm/IrQq9) titled ‘Filmmakers Poised for Big Gains in Hollywood’s Streaming Wars’.
In this race, providers of streaming video on demand are making major investments to secure existing content and commission new content. Efforts are being made to attract major producers and filmmakers. This demand has given companies such as…
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