07 Feb 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.