Streamer Revenue Soars Once Again In UK As Amazon’s Prime Video Tops $1.3B For First Time – Ofcom Report
deadline.comStreamer revenue soared again in the UK last year, with Prime Video generating more than £1B ($1.28B) for the first time, according to Ofcom‘s Media Nations Report, but commercial nets saw turnover tumble to a four-year low.
Combined revenue for the deep-pocketed U.S. giants shot up by 20% — akin to the prior year — to top £4B ($5.13B), and this figure now has doubled since the start of the pandemic, the regulator’s annual report revealed.
Prime Video — which produces the likes of Clarkson’s Farm and The Rig out of the UK, where it makes The Lord of the Rings: The Rings of Power — was the big winner, with turnover rising by almost one-third to top £1B for the first time, nearly tripling since counting began in 2018.
The news will be welcomed by an Amazon team fresh off the back of the splashy purchase of Lord of the Rings studio Bray, only the second studio in the UK to be owned by a major U.S.
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