Internet-Based Video-on-Demand Won't Arrive Until 2005
Stamford, Conn. -- Internet-based video-on-demand services, which let consumers choose movies they want to watch and pay for them to be streamed or downloaded to their computers, will not be a significant distribution channel until 2005, according to a report released Thursday by Connecticut-based analyst firm Gartner G2. The study points out that today, only 10 percent of the U.S. has the broadband connection necessary to deliver Internet video-on-demand, and only 2 percent of the 156 million adult U.S. Internet users say they have purchased or downloaded a digital movie or video. Gartner also predicts that even three years from now, Internet-based video-on-demand delivered by companies such as Intertainer, Movielink and Movies.com will account for only 2 percent of total movie distribution revenue. The report did not, however, take into account the growing number of cable and satellite-delivered video-on-demand services being developed by the major operators in these areas. http://www.gartnerg2.com/research/rpt-1201-0203.asp
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.