US streaming video consumer spending to jump 29% in 2020 to US$24bil, CTA forecasts

With major media companies entering the market, American consumer spending on subscription-video services will increase 29% in 2020, hitting an estimated US$24.1bil (RM98.94bil), according to the Consumer Technology Association's sales and forecast study for the year. — AFP Relaxnews

LOS ANGELES: The streaming wars are set to unleash a river of cash.

With major media companies entering the market, American consumer spending on subscription-video services will increase 29% in 2020, hitting an estimated US$24.1bil (RM98.94bil), according to the Consumer Technology Association's sales and forecast study for the year.