Active Stocks
Fri Apr 12 2024 15:57:45
  1. Tata Steel share price
  2. 163.50 -1.00%
  1. NTPC share price
  2. 362.00 -0.32%
  1. ITC share price
  2. 430.10 -1.56%
  1. HDFC Bank share price
  2. 1,518.90 -1.10%
  1. State Bank Of India share price
  2. 766.75 -1.57%
Business News/ News / Business Of Life/  OTTs with telco connections gain traction
BackBack

OTTs with telco connections gain traction

Those who watch online videos using telco bundles will make up nearly half of all online video viewers by 2023

OTTs with telco connections gain tractionPremium
OTTs with telco connections gain traction

New Delhi: Online video services bundled with mobile and broadband connections are attracting ever more Indians, according to the latest Ficci EY media and entertainment industry report. Those who watch online videos using such bundles will make up nearly half, or 399 million of all online video viewers by 2023, up from 284 million now, the report added.

India has 803 million viewers of online videos as of 2020, which include streaming services and videos on free platforms like YouTube.

The report identified five categories of online video viewers India: Digital-only (who consume content on digital platforms and do not access television), tactical digital (who consume pay TV and at least one paid streaming service), bundled digital (who consume pay TV and generally only telco-bundled content), mass consumers (who consume pay TV and occasionally consume some streaming content, usually free) and free consumers who do not pay for content at all.

Premium consumers, comprising digital only and tactical digital will cross 100 million by 2023, the report showed while the fastest growing segment will be the bundled digital consumer audience. The free consumer base will also grow as there are still 50 million homes today which do not have access to television.

“People in India only pay for value since they have easy access to pirated content," Karan Taurani, research analyst at Elara Capital Ltd said, adding that 70-80% of the audience base of broadcaster-led streaming services comes from telcos. Going forward too, be it audio or video, people will look for telco aggregators like Reliance Jio that bundle multiple benefits, Taurani added.

Apart from regular data packs, video streaming platforms are now eyeing partnerships with telecom companies that have begun to offer premium OTT service bundles and broadband packages to build on the family audience base.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Lata Jha
Lata writes about the media and entertainment industry for Mint, focusing on everything from traditional film and TV to newer areas like video and audio streaming, including the business and regulatory aspects of both. She loves movies and spends a lot of her free time in theatres, which makes her job both fun and a bit of a challenge given that entertainment news often just talks about the glamorous side of things. Lata, on the other hand, tries to find and report on themes and trends in the entertainment world that most people don't notice, even though a lot of people in her country are really into movies. She’s a graduate of the Columbia School of Journalism.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 09 Apr 2021, 10:27 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App