Despite fears that cash-strapped consumers are looking to reduce their large streaming spending, Digital Entertainment Group reported a strong expansion of subscription streaming earnings in the first part of 2024, with streaming subscription spending expanding 27. 1% to roughly $22. 9 billion. , compared to $18 billion in the first part of 2023.
Overall, the DEG, backed by Hollywood studios, reported that consumers spent about $25. 4 billion on video and TV screens powered at home and on the go in the first six months of 2024. During the first part of the year as a whole, spending more than 22% of the nearly $25. 4 billion spent. Consumers spent $20. 8 billion in the first six months of 2023. Year-over-year growth in the second quarter was 21. 2%, totaling nearly $12. 8 billion for the quarter.
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George Winslow is TV Tech’s principal content maker. He has written about the television, media and generation industries for some 30 years for publications such as Broadcasting.
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