It is very bizarre to think that just a couple of decades ago we didn’t have the technology we have today. There was no way that you could be doing thing you can do now such as watching on-demand videos every day. Before the days of YouTube and Netflix, there were only television broadcasts that showed the movies, soap operas, shows, etc. and you had only a certain window to catch the show before it was gone.
Today, times have changed and we can watch almost anything from the days of the past to the modern videos on-demand anytime, anywhere. These on-demand video platforms have become a part of our everyday lives and they provide us with content which is updated regularly. These platforms make a lot of revenue from people who are looking to get some free on-demand videos.
YouTube is a prime example and the creators on it make sweet amount of cash based on views, sponsorships and other endorsements. YouTube itself is a multi-billion-dollar company and it is making money constantly by providing on-demand videos.
Netflix and Disney+ are another very good examples as they are based on subscriptions. People buy them to watch their favorite shows, movies and documentaries on demand. They are now the new norm and most of the time, we don’t have to catch certain shows on time, we can simply watch them on demand through these subscription-based services.
The current pandemic has given a major boost to these on-demand video streaming services which includes Netflix, Disney+, YouTube TV, HBO Max, and Hulu. Consumers have been spending insane amount of money on these services to keep themselves entertained on their demands. To visualize this significant boost, take a look at the following infographic for more information.
Infographic by: statista