The proportion of TV industry revenue generated by subscriptions in the UK stood at 46 units in 2023. Over the last two years, the proportion remained stable at 46 units. The 2023 proportion represented a flat trend with no year-on-year variation, mirroring the stagnant rate from 2019 to 2022. The forecasted data shows a slight increase to 47 units by 2028, translating to a 5-year CAGR of 0.43% and a 5-year growth rate of 2.17%.
Future trends to watch for:
- Potential impact of new streaming services and competitive pricing
- Changes in consumer behavior towards bundled services
- Possible regulatory changes impacting subscription models
- Technological advancements and their influence on user experience and subscription uptake