Online Video Subscriptions Buoyed 2020 Market: MPA

March 19, 2021 |Streaming Media

Subscriptions to online video services grew 26% in 2020 to 1.1 billion globally, said MPA Thursday. They helped offset an overall revenue decline of 18% in theatrical and home/mobile entertainment, amid widespread theater closures due to COVID-19. The global box office market was $12 billion in 2020, including $2.2 billion in the U.S. and Canada. U.S. online video subscriptions grew 32% to 308.6 million, reaching $30 billion. The global home/mobile entertainment market grew 23% to $68.8 billion.