iWorld
India to reach 66 million SVoD users in 2025, report says
KOLKATA: The rapid surge of OTT consumption in India is not anymore limited to free usage. A recent report has underlined that the subscription-based model is holding a potential future. India will reach 66 million paid subscribers in 2025, analyst firm Digital TV Research estimates.
While the Indian market is estimated to triple its subscriber base in 2019, the entire APAC region will also see a substantial increase. The region will have 467 million SVoD subscriptions by 2025, up from 267 million in 2019.
China will remain the largest contributor at 2025 too with 279 million subscribers. Japan will add 18 million subscribers to reach 40 million. Among other markets, South Korea will exceed 25 million and Australia will surpass the 18 million mark slightly.
“Although China dominates the region, there will be plenty of growth elsewhere. Netflix will have 44.4 million subscribers by 2025; closely followed by Disney+ [including Hotstar] with 43.6 million,” Digital TV Research principal analyst Simon Murray said.
This is not the only report which is indicating a huge subscriber growth in the next decade. To capture the opportunity, all the international players are ramping up their investment in premium content while local players are also rising to prominence on the back of consumer insights.
iWorld
Prashant Iyer joins Sony LIV as head of marketing
The former Netflix India director grew the streamer’s social following from half a million to 55m
MUMBAI: Sony LIV has poached one of India’s most battle-hardened streaming marketers. Prashant Iyer, who spent nearly eight years at Netflix building its India operation into a social-media juggernaut, has joined the platform as head of marketing.
Iyer leaves Netflix having done rather a lot. He grew the streamer’s India social community from roughly 500,000 followers to over 55m, delivered engagement and organic impressions double those of rivals, and ran more than 250 campaigns across titles, brand and partnerships. In his final role as director, marketing, he sat on the core leadership team credited with driving 15-times revenue and subscription growth over eight years. He also served as the only director-level social leader across Asia-Pacific, a regional mandate that stretched across a 200m-plus follower community.
Before Netflix came Nike, where Iyer spent three and a half years straddling digital brand commerce and key account management, including ownership of Myntra, the brand’s largest digital account in India. Earlier still, Titan Company gave him his first crack at brand and digital marketing.
Sony LIV, which has been muscling for position in an increasingly crowded streaming market, has landed a marketer who knows precisely how to build an audience from scratch and, just as importantly, how to keep it. For a platform still chasing the kind of cultural cachet Netflix India took years to earn, that is not a bad place to start.
