LOS ANGELES: The value of the online video sector in Asia Pacific is set to swell from an estimated US$13bil (RM50.41bil) this year to US$35bil (RM135.79bil) by 2021. That is a growth rate of 22%, according to regional media consultancy Media Partners Asia.
Its report – Asia Pacific Online Video Distribution – shows China representing 76% of the total, with the next four territories Japan, Australia, South Korea and India, accounting for a combined 17%.
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