• According to a recent report from the Motion Picture Association (MPA), streaming services now account for more than half of all entertainment spending globally. The report shows that in 2021, streaming services made up 51% of the total entertainment market, up from 46% in 2020. This shift reflects the growing popularity of streaming platforms like Netflix, Hulu, and Disney+ as consumers continue to move away from traditional cable and satellite TV.

• The report also found that the global entertainment market grew by 24% in 2021, reaching a total value of $99 billion. This growth was driven largely by the continued expansion of streaming services, which saw a 28% increase in revenue compared to 2020. The report suggests that the COVID-19 pandemic has accelerated the shift towards streaming, as more people have turned to these platforms for entertainment while spending more time at home.

• Despite the dominance of streaming, the report notes that other entertainment sectors, such as theatrical box office and physical home entertainment, have also seen a rebound in 2021 as pandemic-related restrictions have eased in many parts of the world. However, the report indicates that streaming is likely to continue to grow in the coming years, with more consumers cutting the cord and embracing the convenience and flexibility of on-demand content.