[opendtv] News: Spending on video downloads to surge
- From: Craig Birkmaier <craig@xxxxxxxxx>
- To: OpenDTV Mail List <opendtv@xxxxxxxxxxxxx>
- Date: Thu, 22 Feb 2007 07:54:09 -0500
From Ken Rutkowski's World Tech Roundup 2/21
http://kenradio.com/index.php?option=com_content&task=view&id=603&Itemid=1
Spending on video downloads to surge
Annual consumer spending on Internet downloads of movies and TV shows
will top $4 billion in 2011, up from just $111 million last year. The
Internet is going to revolutionize the distribution of video. The
growth will be fueled by the introduction of hardware devices such as
Apple TV, a $299 box that converts videos downloaded from the
Internet into signals that can be played on high-definition
television sets. Apple is selling those boxes on its Web site and
says they will be shipped later this month. The market researcher
forecasts that sales of video downloads will total $472 million in
2007, $1.2 billion in 2008, $2 billion in 2009, $3.1 billion in 2010,
then hit $4.1 billion in 2011. It also predicts that advertiser
spending on Internet video streams to PCs and TVs will approach $1.7
billion by 2011.
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