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      Home News Analyst Reports

      51% of 2024’s total content spend to come from six media giants: Ampere Analysis

      Staff Reporter by Staff Reporter
      October 30, 2024
      in Analyst Reports, International News, News
      SVOD drives content spend to reach $220bn in 2021: Ampere Analysis

      Image for illustrative purposes only.

      ShareTweetPostEmail

      The combined content spend of Disney, Comcast, Google, Warner Bros. Discovery, Netflix and Paramount will reach $126 billion this year.

      A new report by Ampere Analysis shows that media giants Disney, Comcast, Google, Warner Bros. Discovery, Netflix, and Paramount Global will spend a combined total of $126bn on content in 2024. This will account for 51% of the total content spend landscape, up from 47% in 2020.

      Original content spend remains the leading spend type across the providers, accounting for over $56bn in investment and 45% of their total spending since 2022.

      Disney remains the largest contributor to the media landscape at 14% of global investment in TV and film content in 2024. Netflix is the top investor in global streaming content. It has averaged a total of $14.5bn in annual investment in original and acquired programmes since the pandemic. Further growth is expected in 2025 through the acquisition of Sports Rights for NFL matches and WWE entertainment

      In total, $40bn of the $126bn is currently spent on these six operators’ subscription streaming services (including Disney+, Peacock, and Paramount+). This highlights the growing importance of these platforms as audiences move away from linear television in favour of the convenience and expansive catalogues available via streaming.

      Google’s contribution to the content market comes via YouTube, and investment in programming through its revenue-sharing arrangements with content creators. While a different entity to other TV and Film groups, YouTube continues to build its global presence through partnership deals with major content owners, making it the third largest contributor to the content landscape.

      Despite production shutdowns caused by the US writers’ and actors’ strikes, streamers have continued to support the production landscape by pivoting towards more global strategies. International (non-US originating) programming accounts for 40% of Paramount+’s and 52% of Netflix’s spend in 2024. Such content is typically cheaper to produce, and effective in motivating new and niche audiences to subscribe to a platform, supporting revenues.

      Ongoing investment by major studios and streaming platforms into new programming will be key to keeping audiences engaged and entertained. We can expect the content landscape to see low-level growth in 2024 as production schedules recover from disruptions caused by the pandemic and the writers’ and actors’ union strikes. Looking forward however, overall growth in spend is set to plateau as companies look to refocus their output. This will include limiting commissioning volumes and prioritising strategic investments and profitability to counter the current challenges of the media market.

      Tags: Ampere AnalysisComcastDisneyfeaturedpostglobal content spendGoogle+NetflixParamountWarner Bros. Discovery

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