The Asia Pacific online video industry will generate US$27 billion in advertising and subscription revenue this year, up 24% Y/Y from 2018, according to a new report, Asia Pacific Online Video & Broadband Distribution 2020, published today by Media Partners Asia (MPA). This pie is forecast to expand at a robust 13% CAGR to US$50 billion by 2024, propelled by rising investment and competition, widening broadband access and ongoing development of local content, payment infrastructure and IP protection.

Digital TV Research said today its latest Pay TV report forecasts 60 million additional pay TV subscribers between 2018 and 2024 to take the global total to 1.08 billion.

China will provide 19 million additional subs and India 26 million. However, the US will lose 14.4 million pay TV subscribers between 2018 and 2024 – down by 16%.

Northrop Grumman Corporation has announced organization changes to its operating sectors to better align the company’s broad portfolio to serve its customers’ needs. There will be four operating sectors: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The changes are effective Jan. 1, 2020.