Market share of vMVPDs worldwide 2024
Published by
The most recent data reveals that YouTube TV leads the global virtual multichannel video programming distributor (vMVPD) sector with a 44 percent market share, significantly surpassing Hulu + Live TV, which holds 27 percent. Other major platforms in the top five include Sling TV, which has a 12 percent share, followed by Fubo and other smaller services, each with nine percent.
vMVPDs transform TV viewing habits
vMVPDs are online services that provide live and on-demand TV channels over the internet, similar to traditional cable or satellite TV. The key difference lies in their flexibility, multi-device accessibility, and often lower costs. These advantages have significantly changed how consumers access television, leading to a sharp decline in traditional pay TV revenue, which dropped from 186 billion U.S. dollars in 2019 to 151 billion in 2022.
Virtual pay TV v/s Pay TV
Virtual pay TV services have rapidly expanded in the U.S., reflecting the overall global shift towards online entertainment. From 2016 to 2024, traditional multichannel video providers saw a significant drop in subscribers, declining from 99.2 million to an estimated 55.3 million. In contrast, virtual pay TV platforms grew exponentially, jumping from one million to over 17 million subscribers during the same period. This shift illustrates the growing demand for more versatile and accessible TV solutions, as viewers continue to turn away from traditional cable services in favor of more flexible streaming options.
