Report: Online Video Revenue Will Exceed Box Office Revenue in 2018
A new report projects that online video services will overtake box offices in revenue within four years.
According to PricewaterhouseCoopers, revenue from online video will exceed box office sales by 2018 reports Gigom. While movie theaters will continue to see their revenue grow at a rate of 3.1 percent a year, online video will grow even faster.
People are increasingly seeking out services like Netflix, Amazon Prime and Hulu Plus for entertainment. In 2013, online video generated over $4.7 million, while movie theaters brought in almost $10.8 million. In 2018, the report projects that online video will rake in over $14 million, while box offices will get just over $12.5
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