Middle East & North Africa OTT TV episodes and movies will generate $5.69 billion by 2028; double from $2.83 billion in 2022. Turkey, Israel and Saudi Arabia together will account for 55% of the region’s revenues by 2028. The 13 Arabic-speaking countries will generate $2.47 billion in 2028; up from $1.28 billion in 2022.

Africa will have 15.57 million paying SVOD subscriptions by 2028, up from 6.15 million at end-2022. Despite this fast growth, SVOD penetration rates will remain low, with only 7% of TV households paying for at least one subscription by 2028 –up from 4% at end-2022. 

Simon Murray, Principal Analyst at Digital TV Research, said: “Take-up is inhibited by low disposable incomes. Limited fixed broadband penetration also stifles growth, with few mobile operators offering OTT options. Not all global SVOD platforms will start in every African country – restricting choice.”

Anokiwave, Inc., an innovative company providing highly integrated silicon ICs for millimeter-wave (mmW) ICs, today announced the appointment of two prominent semiconductor industry executives to its Board of Directors and Advisors. The new board members are both accomplished executives with strong technology, management, financial, and strategic growth experience in the high-technology market.

Just prior to releasing last year’s SVoD forecast, Netflix confirmed its first subscriber loss – of 200,000 subs, or around 0.09% of its total. This prompted a wave of hysteria, and in the year since, Netflix’s return to growth and confirmation of its advertising strategy has largely set the market at ease.
 

Riedel Communications today announced that Rick Seegull has been promoted to the role of SVP technology and business development for the Americas. Seegull was previously the VP of system consulting for the Americas, where he managed the team of system consultants and project engineers to design, install, and support numerous innovative installations throughout the Americas. In his well-deserved new role, Seegull will be responsible for the overall direction of Riedel within the Americas, with respect to technology and business development.