The Great Streaming Recession Just Isn’t Happening: U.S. SVOD Spending Grew By Over 17% in 2022, Passed $30 Billion [Next TV]

The Great Streaming Recession Just Isn’t Happening: U.S. SVOD Spending Grew By Over 17% in 2022, Passed $30 Billion [Next TV]

BY DANIEL FRANKEL

February 7, 2023 | The Great Streaming Recession is just not a thing.

U.S. consumer spending on subscription streaming jumped 17.3% in 2022, surpassing $30.3 billion.

This latest year-over-year growth, reported by the Digital Entertainment Group (DEG), comes after domestic SVOD spending expanded by nearly 20% in 2021 and 37% in 2020.

Where does $30 billion plus rank a sector in terms of the overall domestic entertainment business pie? Consider that North American theatrical releasing generated $7.36 billion last year, according to Box Office Mojo.

Read more on Next TV.
Read the full DEG Year-End 2022 Digital Media Entertainment Report here.
Related Articles:
Deloitte: Media Companies Seek Streaming Profit on Declining Revenue [Media Play News]