There was a sharp spike in the money raised between February and April with the amount going up to $6.08bn.
The streaming platforms have raised around $16bn overall funds from January to September this year, according to a study conducted by BuyShares.
There was a sharp spike in the money raised between February and April. The amount raised in April stood at $6.08bn, a growth of about 131.77% from March’s $2.62bn.
The research also overviewed the most active investors in video streaming companies between Q1 1997 to Q3 2020. The data indicates that Google ranks high with a total of 107 investments. The figure is at least double compared to second-placed Castor Venture’s 47 investments.
In total, there were 330 investments with Google taking the largest share at 32.42%. Social media giant Facebook’s $5.9bn investment in Reliance Jio this year is the highest investment in video streaming companies YTD.
Further, big tech companies’ investments are moving away from North America. For example, Facebook investment in India’s Reliance Jio could help the social media giant expand its reach in India. As Facebook leverages Reliance Jio’s reach the Indian company will then bank on the social network’s technical expertise.
During this period, most people turned to the streaming platforms to pass time while in lockdown. The scenario presented a big opportunity for investors to profit. However, as streaming companies gained more users during this period, investors must strive to ensure the record numbers are maintained after the pandemic.