As per FICCI-EY report, video OTT subscription revenue is projected to grow at 24% CAGR and may overtake TV broadcast in subscription revenue collection by 2024
Industry players discuss the fast-emerging TVOD model as not only a recurring revenue stream for OTT platforms but also a way to ensure customer retention
As per their financial statements, subscription income of broadcasters grew in the range of 20-45% in the past three years. The growth was more in FY 20 than FY19
The advertising revenues for the year declined by 7% YoY due to a weak macroeconomic environment and conversion of two FTA channels to pay, the company has said