Global FAST revenues set to triple by 2028

Global FAST revenues for TV series and movies are set to triple to US$18 billion by 2028, forecasts research media firm Digital TV Research.

In 2022 Global FAST revenues was recorded at $6 billion in 2022. In its latest report Digital TV Research revealed the US will contribute 55% to the 2028 total. However this will be down from its 67% contribution in 2022. The US will also add nearly $6 billion between 2022 and 2028 – or half of the world’s $12 billion additional revenues.

The UK will contribute $909 million, with South Korea generating $876 million, while Germany and India will deliver over $600 million to global FAST TV revenues.

The research outfit further predicted that Pluto TV will continue its international expansion, with its global revenues expected to reach $4.2 billion by 2028. This will be quadruple from $1.1 billion in 2022.

Simon Murray, principal analyst at Digital TV Research, said: “The FAST market by platform will remain fragmented. Pluto TV, Roku Channel and Samsung TV Plus will account for half the global total by 2028.”

Digital TV Research recently reported global pay TV revenues are to fall to $125 billion in 2028. Its findings showed a $26 billion loss of global pay TV revenues by 2028 from $151 billion recorded in 2022. This will also be a $71 billion drop from 2016 when global pay TV revenues peaked at $199 billion. While global OTT TV episode and movies revenues is to increase by $81 billion reaching $235 billion by 2028.