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Japan Online Video Sector to Surge as Screen Industry Projected to Hit $34 Billion by 2029
Netflix, Prime Video lead Japan's booming streaming market as online video revenue surges.
A new industry analysis by consultancy firm Media Partners Asia(MPA) projects substantial growth in Japan ‘s digital entertainment landscape. According to MPA executive director Vivek Couto, the market is primed for continued expansion, with fiber broadband reaching 82% of households and connected TV penetration on track to hit 51% by 2029. Encouragingly, the number of theatrical releases has recovered back to pre-COVID levels and local movies continue their dominance at home with 70% share of gross box office.”
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