In many countries, productions and artists stream their movies, TV/web shows, and more via on demand tv or video streaming apps. Therefore, an app for tv proves to be a blessing in the COVID pandemic for the entertainment market.
Netflix has 36 million new subscribers in 2020, with around 200 million subscribers in total. Therefore if you are planning an app similar to Netflix, make sure you provide the facility that Netflix users are admiring.
Hulu has more than 39 million subscribers. Amid COVID 19, SBS on demand app manages to climb 8.2 million users in Australia via its digital platform. It is a tv app that is growing more than ever before.
Peacock streaming app has 54 million users as of the 2nd quarter of 2021. It was in loss till 2019, but as of the last quarter of 2020, it managed to generate $100 million of revenue. Also, Tokyo Olympics boosted its download by 96% in July 2021.
Disney+, another app for tv that started in November 2019 and got 116 million subscribers worldwide. It means Disney+ got more popularity than other tv or video streaming apps that are dominating the market. Do you know the reason behind it? It is Disney+ has new and peculiar video content that people like the most.
Amazon prime is Netflix’s closest competitor as they hold more than 200 million subscribers. Also, Youtube has more than 2 billion monthly active users. Wherein they have around 30 million viewers who watch more than a billion hours of video daily.