Nami ML’s Post

New data from Media Partners Asia and AMPD paints a bright picture for the Southeast Asian video streaming market. 1/ Subscriptions hit record highs: Q1 2024 saw a surge in paying users across Singapore, Thailand, Philippines, Indonesia, and Malaysia (48.5 million, +5% QoQ). This translates to a record-high revenue of $381 million, the highest ever for the region! While Indonesia and the Philippines lead the pack in subscriber growth, Thailand and Indonesia show strong monetization growth. Try A/B testing strategies to unlock Southeast Asia's streaming boom – focus on user acquisition strategies in subscription-driven markets, and prioritize engagement & monetization tactics in countries showing strong revenue growth. 2/ Freemium fuels growth: Freemium models with strategic content can be a powerful user acquisition tool. Freemium platforms like WeTV, Viu & iQiyi see significant growth with Chinese content. Explore offering a free tier alongside premium subscriptions for audiences in Southeast Asia. 3/ Local is key: Southeast Asian audiences crave local content. U.S. and Korean content is popular, with Korean dramas alone attracting 30% of the premium VOD viewership. But local content like drama, premium sports, and anime are strong as well, particularly in Indonesia and Thailand. Whether you are an existing player in the region or planning to foray into it for the first time, consider catering your offerings to regional preferences for user acquisition and engagement. What are your thoughts on the future of video streaming subscriptions and local content in Southeast Asia? #appmonetization #subscriptions #videostreaming

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