Revenue for Online Film and TV Distribution Already Beating Traditional Methods?

While new media business models take shape and studios, creatives, crews, and service providers wrestle over rights and profits - globally speaking, the future is now.

Variety:

London research firm Strategy Analytics reported that online and mobile channels accounted for $90 billion in worldwide revenues; the global filmed entertainment market generated $83.1 billion.

Broadband downloading and streaming, terrestrial and cable video-on-demand (VOD), and mobile platforms are now all ways to watch entertainment content, from feature films and TV shows to made-for-Internet/mobile programming.

For the last few years, the questions have been: Are these viable alternatives to theatrical distribution? How much more content will auds consume on digital platforms? And will such platforms offer new production opportunities and generate fresh revenue streams?

Strategy Analytics’ astonishing numbers imply that digital distribution may have already won the day.