|Good Bye Stale Old Movies, Live In-Flight Video Revenue to Exceed $ 900 Million by 2012|
Scottsdale, Ariz., June 30, 2008â€”The market for in-flight live direct broadcast video revenue is projected to grow to $ 913 million in 2012, according to recent research by MultiMedia Intelligence. With revenue of $ 87 million in 2007, live in-flight video promises impressive growth.
"The current environment of increasing fuel prices and downward pressure on fares has been painful to the airline industry," according to Amy Cravens, contributing analyst with MultiMedia Intelligence. "The result has been that airlines have been aggressively pursuing new revenue streams. In-flight live direct video broadcast services are 'a no-brainer,' offering a value service to passengers and new revenue to the P&L."Even with the current constraints in the airline industry, usage revenues are still anticipated to nearly double in 2009. The majority of video deployments will result from a single player, LiveTV, with Panasonic being their largest competitor.
MultiMedia Intelligenceâ€™s new research also found:
The research, "Broadband in Flight: Wi-Fi and Direct Broadcast Video Become the Next Generation of In Flight Entertainment" examines the market for next generation in-flight entertainment (IFE), with a focus on in-flight broadband services. For more information, contact:
About MultiMedia Intelligence
MultiMedia Intelligence, a market research and consultancy firm, specializes on the markets and technologies for delivering and monetizing digital content and services across multiple platforms. We look beyond the classic 'three screens,' which include TVs, mobile handsets, and computers. We put markets into the broader context of the industry ecosystems that are converging and changing traditional business models.