Brussels, May 10 2022: Video-on-demand (VOD) companies today officially inaugurated the European VOD Coalition. The Coalition gives a voice to the exc

PRESS RELEASE: Video-on-demand companies inaugurate new coalition to represent the EU's fastest growing media sector

submited by

Style Pass

2022-05-16 12:00:20

Brussels, May 10 2022: Video-on-demand (VOD) companies today officially inaugurated the European VOD Coalition. The Coalition gives a voice to the exceptionally successful European audiovisual streaming sector. It will engage with policy makers and regulators across Europe on behalf of companies who invest in and distribute audiovisual content in Europe as part of their core commercial activities. The European VOD Coalition brings together video-on-demand (VOD) and digital entertainment companies that share common values and invest in and distribute audiovisual content in Europe. Members include CHILI, FilmDoo, NBCUniversal, Netflix, Nokzedoc, Nordic Entertainment Group AG, Paramount, Pickbox, Sky, Sooner, StarzPlay, TVN, Univerciné Belgium and Warner Bros Discovery.

VOD in Europe grew exponentially by 3000% between 2010 and 2020 according to the European Audiovisual Observatory. No other European media sector has experienced such growth. Today more Europeans watch their content through streaming than any other way - attracted by the diversity of content and a wide choice of services and offers. VOD subscriptions in the EU are expected to reach 140 million by the end of this year.