Online user-generated video content was huge in 2006. 2007 has the potential to be a good year for the TV and movie industries as they enter the digital arena and hope for the success that the music business has been able to achieve with paid content.
$300 Billion To Be Spent On Digital Services
In a new report from Parks Associates titled “Digital Living 2006 Forecasts” they predict consumer use of the Internet and mobile services will increase US spending in the digital living services close to $300 billion by 2010.
Online Holiday Sales Could Reach $19 Billion
Online holiday sales keep soaring and breaking records. So far this season online sales have seen a number of milestones. First there was the over hyped Cyber Monday on November 27, 2006 which saw online sales reach $608 million. One week later on Monday December 4, a new record was reached as consumers spent $647 million online.
That is $39 million more than was spent on Cyber Monday according to comScore Networks.
Online Video A Billion Dollar Business In 2007
More than a third of the total US population viewed video on the Internet in 2006 according to eMarketer. Ages 3 and up viewed video on the Internet at least monthly and in three years more than half of all Americans will compose the online video audience.
Facebook’s New Price: $8 Billion?
Well, it is called Facebook, a name that invites a certain amount of narcissism, or at least some inflated self-worth. Yahoo probably didn’t dream that an offer as high as $1.62 billion would be rejected. But Yahoo probably didn’t expect to hear the metallic hubris pinging out a tune of $8 billion, either.
Mobile Entertainment Market To Reach $77 Billion
The mobile entertainment industry is large now but the future projected growth is off the charts. A new report from Juniper Research says that by 2011 the global mobile entertainment market will reach $77 billion.
Mobile Adult Content To Hit $3.3 Billion
It seems there are endless options for mobile phone users. From text messaging to taking photos to watching video. The variety of content that is available is also broad. A new report from Juniper Research “Mobile Adult Content: Text, Images & Video, 2006-2011” says the mobile adult content market will increase from $ 1.4 billion in 2006 to $ 3.3 billion in 2011.
E-Commerce To Lose $2 Billion In 2006
How will you be doing your holiday shopping this year?
Ka-Ching! Net Ad Revenues Pass $4 Billion
The biggest quarter ever for Internet advertising revenue meant companies raked in $4.2 billion for the third quarter of 2006, up by a third from the same period in 2005.
$2 Billion In Ad Spending By 2010
A recent estimate by eMarketer concerning the advertising spending on social networks has the figure at $2 billion by 2010.