Streaming Platforms to Outspend European Broadcasters by €2 Billion in 2024
Ampere Analysis reports streaming services will invest €10 billion in major European TV markets, surpassing traditional broadcasters.
- Streaming investment in Europe is set to reach €10 billion by the end of 2024, a 20% increase from 2023.
- Commercial broadcasters have seen a 16% drop in viewer engagement and a €1 billion decline in linear TV advertising over the past decade.
- Content budgets for European broadcasters have decreased by 19% since 2016, despite efforts to pivot towards streaming.
- Global streamers are slowing their spending growth, presenting a strategic opportunity for national broadcasters.
- Broadcasters are urged to enhance their streaming platforms, expand content libraries, and focus on younger audiences to stay competitive.