LOS ANGELES, May 6, 2019 /PRNewswire-PRWeb/ -- Deloitte Global predicts that live broadcast and events will generate $545 billion in direct revenue in 2018, a one percent increase over the previous year. 114 The vast majority ($537 billion, or 98.5 percent) of live revenues are forecast to come from traditional sectors (see Figure 14), with the remainder from live streaming and eSports.115 Live broadcasting has remained vibrant despite consumers' ever-improving capability to consume content on demand or, in the case of events, to attend remotely. Even in an age in which the mantra for media is often "what you want, when you want it, where you want it," the way we want to consume is often "now" because of the thrill and convenience of live delivery. And in many regards, digital has actually made live content more productive and profitable.
Live-streaming revenue should reach $7.4 billion in 2018, a 47 percent increase over the previous year. The primary revenue model for this market is likely to be tipping, whereby viewers donate money to performers.
The Chinese model for tipping is likely to be exported to other markets via Chinese-owned companies. According to one analyst, the UpLive app was the number one download in Japan and the second in a dozen other countries.
About Uplive (Uplive)
Uplive was founded in May 2016, As part of Asia Innovations Group (AIG), Uplive is a live-streaming platform that allows users to broadcast and view real-time videos via their smartphones.
Currently Uplive has over 1000,000 broadcasters and 65 million registered users worldwide and is available in over 100 countries, the app currently supports sixteen languages including Arabic, Chinese, French, Portuguese, Spanish and Thai. with over 500,000 live anchors airing content in all languages and tastes, Uplive is becoming one the of the most successful Chinese applications growing worldwide. On average broadcasters in Uplive earned $2000 dollars a month in 2018 just by streaming an hour a day from their phones.
Uplive Website: http://www.asiainnovations.com
UpliveUSA: http://www.upliveusa.com
Instagram: @Uplive.usa
More information about Deloitte Research: https://www..deloitte.com/content/dam/Deloitte/global/Images/infographics/technologymediatelecommunications/gx-deloitte-tmt-2018-online-world-report.pdf
SOURCE UpLive
Share this article