COVID-19 Impact & Recovery: Media, Telecom and Technology Outlook for H2 2021
The Media, Telecom and Technology sectors are emerging from a global pandemic that brought into focus the demise of legacy services and accelerated the transition to digital entertainment and communication habits. It also brought into sharp focus the power of technology providers and antitrust scrutiny over the companies that play such a central role in how we operate daily.
What are the main themes expected to influence the TMT Industry for H2 2021 and beyond?
1: Online video
Firstly, evolving consumer behaviors, new video entrants and the stay-at-home orders helped push streaming subscriptions and digital viewership to record levels in 2020. Free ad-supported services also recorded strong growth with both having an impact on pay TV cord cutting.
As restrictions ease, free video competition rises and consumers look to cut their video bills, we expect subscription growth will slow…