2023 TV market in Western Europe grew 1%, with traditional TV remaining resilient in Italy and Spain, while pay-TV revenue increased 5% due to SVoD shifts.

The ITMedia Consulting's Turning Digital study indicates that traditional TV in Italy and Spain remains resilient despite the rise of streaming services. The Western European TV market grew by 1% in 2023, but adjusted for inflation, it declined by 5.4%. Pay-TV revenue rose 5%, driven by shifts to SVoD platforms. Overall, TV advertising fell by 2.9%. While traditional TV is still favored in Germany, streaming platforms like Peacock gained viewership during the Paris Olympics, highlighting the evolving media landscape.

October 21, 2024
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