LOS ANGELES—Despite widespread concerns that the streaming business is reaching a more mature stage of slower growth, the Digital Entertainment Group (DEG) is reporting that consumer spending on subscription streaming (SVOD) services rose by 22.2% in Q1 of 2023 to $8.71 billion compared $7.13 billion a year earlier in Q1 2022.
The SVOD data is sourced from Omdia.
