Ted Hope: Quick tell your investors! Indie Film is safe again. The big waterfall of profits is starting to mount. Haven't you heard the news? VOD is making it all good again. Simple as making a good film that people know of and want to pay for. Seriously though, the news has been coming in and now we are getting numbers about how films perform here. And they look pretty sweet...
The Film Collaborative's Orly Ravid fortunately wants us to know even more and has done some research on the prospects of EU Digi Distro. And now I am smiling. You will be too.
New World Distribution in the Old World
By Orly Ravid
As DVD sales continue to crumble (allowing us to use less petroleum), VOD is growing (now in 65.7 million US homes -- about 55.7% of TV homes, according to MagnaGlobal). Digital distribution revenues are starting to percolate and be more reliable. Worldwide revenue from video-on-demand movies and TV programs will reach $5.7 billion in 2016, up 58% from revenue of $3.6 billion in 2010, according to a new research report. The tally does not include pay-per-view sports events, adult entertainment or subscription-based VOD services such as Netflix, Amazon Prime and Google, among others, according to London-based Direct TV Research Ltd. It should be noted this is not all related to new film but rather making catalog or library content available digitally. According to the study, “Internet-based TV (IPTV) is projected to overtake digital terrestrial TV (DTT) in revenue nextyear to become the third largest platform globally. Indeed, VOD revenue from DTT is expected to be largely confined to Western Europe” (source.)
