LOS ANGELES—A new report from the Hollywood studios-backed Digital Entertainment Group (DEG) shows that hefty spending on streaming helped boost overall consumer spending on movies and television shows consumed at home and on the go to $10.7 billion in the third quarter of 2023.
For Q3 2023, spending rose 16.8% from the almost $9.2 billion consumers spent in the same quarter of 2022, driven by the continued growth of SVOD, as well as theatrical franchise titles offered for digital purchase in premium and traditional windows.
