The future is online: revenue to surpass $4.5 billion in four years

SCOTTSDALE, Ariz., – The worldwide online video market, particularly purchased/rented video, is experiencing explosive growth, reports In-Stat Worldwide online video revenue is expected to eclipse $4.5 billion by 2012, up from $1.2 billion in 2008, the market research firm predicts.Purchased/rented videos are expected to offer the most robust growth for online video in the near term, in large part due to an increase in subscription services such as Netflix, which charges a flat monthly fee to deliver an optimal combination of packaged goods and online content that can be viewed on home TV sets. Ad-supported professional video from major TV...