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Online Video Market Ready to Explode
08/14/2008
More people are staying home with a bucket of popcorn rather than going to their local multiplex ─ and that trend is expected to continue. A new report says online video revenue from companies like Netflix will break $4.5 billion by 2012. That’s nearly four times more than what’s anticipated this year. The study was done by high-tech market research firm In-Stat. Online video downloads are most popular among young people, but InStat believes it will have broad appeal across more generations as people age. Source InStat:World Report on Online Video Related Article Netflix Expands Business Model with Internet Viewing Feature
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