Home  Blog  Online Video Revenue to Reach $4 Billio... 

Online Video Revenue to Reach $4 Billion in 5 Years

By Greg Franzese

We've long known there's money to be made in online video, and new numbers from ABI Research prove it: Revenue is expected to reach more than $4 billion in the next five years, almost doubling this year's net of $2.1 billion.

ABI attributes this growth to flourishing streaming services, online video platforms, content delivery networks, content management systems and managed video platforms. 
 
CDNs in particular are considered "integral to the future of online video distribution." The report calls out Netflix's creation of its own CDN to reduce reliance on third parties. The in-house Open Connect CDN currently serves about 5 percent of Netflix streaming data.
 
“The world’s other major Internet video provider, YouTube, has long had its own content delivery network,” said Ken Florance, vice president of content delivery at Netflix. “Given our size and growth, it now makes economic sense for Netflix to have one as well.”
Posted in Ooyala News
Tags online video, online video monetization
Previous Entry Next Entry

Related Posts

AOL Now Top 3 Destination for Online Video Viewers
Nielsen: PC Viewing as Common as TV
The Rise of Online Film Distribution - Infographic

Leave a Comment

Sign up for VideoMind Weekly Updates

Latest Tweets

© 2013 Ooyala, Inc. • Website Privacy Policy • Terms of Service • All Rights Reserved