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Asharq Al-Awsat
Asharq Al-Awsat
Entertainment
Asharq Al-Awsat

UK Video Streaming Market Shows Signs of Recovery in Last Quarter of 2022

Paramount CEO and President of Paramount Streaming and Co-Founder and CEO of Pluto TV Tom Ryan speaks during an LG press event at CES 2023 at the Mandalay Bay Convention Center on January 04, 2023 in Las Vegas, Nevada. (Getty Images via AFP)

The UK video streaming market showed a tentative recovery in the final quarter of 2022, with subscriber numbers edging higher after a sharp decline earlier in the year when cash-strapped households sought savings, industry data showed on Monday.

Market researcher Kantar said that between October and December the number of UK homes that had at least one paid-for video streaming service rose by 55,000 to 16.24 million, representing 56% of households.

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