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Report: Video Streaming Services Hit An All Time High In 2018, Beating Cable For The First Time

The Motion Picture Association of America (MPAA) just announced its annual theme report detailing how streaming services are shifting trends in the film industry. Video streaming surpassed cable subscriptions for the first time in 2018. Subscriptions to streaming services reached 613 million, a 27 percent increase from the previous year. Services like Netflix and Amazon made their mark at this year’s Oscars with nominations and wins. Netflix Original “Roma” walked away with three wins including best director, best cinematography and best foreign language film. The company also won an Oscar for its documentary “Period. End of Sentence.” With four Oscars in 2019, Netflix tied with Fox, Disney and Universal for the most studio wins. Netflix is also getting more strategic with its content. In February, the service released “Black Mirror: Bandersnatch” an interactive film that allowed viewers to make choices for the main character. According to a GDPR request , the company recorded the...

Arriana McLymore

Mar 22, 2019