Report. Top players in the European AV industry

New free report available "Top players in the European audiovisual industry – ownership and concentration” (2023 Edition) authored Laura Lancu.

The report finds that at the end of 2022:

         1. The top 100 audiovisual groups in Europe by revenue grew twice as fast as the overall AV service market revenues between 2016 and 2022.

        2. Private and US interests in the cumulated operating revenues of the top 100 audiovisual groups went up between 2016 and 2022.

        3. Private sector revenues were almost equally banked by both European and US-backed players.

        4. Telco-driven players (i.e packagers/distributors) cumulatively accounted for over 70% of the pay-TV subscriptions.

        5. Pure SVOD platforms lost weight as subscriptions signed off to broadcaster-controlled streamers which picked up pace year-on-year.

        6. Concentration levels across the top three SVOD players went down year-on-year.

        7. The AV market structure paints a highly eclectic picture in Europe based on country-specific realities and the way players choose to apply their portfolios to serve different territories.

Top 100 players in Europe

The cumulated operating revenues of the top 100 audiovisual groups in hashtag#Europe grew twice as fast in 2022 (+23% as compared to 2016) as the AV service revenues for the overall market and at a higher pace than that of average inflation.

The cumulative evolution of the top 100 revenues was mainly organic, with 90% of the growth accounted for by the private sector and almost entirely concentrated on the top 20 private groups.

Pure SVOD players alone, such as Netflix, Amazon Prime Video, DAZN and Apple TV + fueled the top 100 player dynamic. Their cumulated revenues grew by a factor of 6 in 2022 compared to 2016. In contrast to the overall evolution of traditional market segments, in top 100, revenues of primarily traditional players also registered an increase (+14% over 2016) driven mainly by Warner Bros. Discovery, Paramount, Comcast’s Sky, The Walt Disney Company, Vodafone, and Deutsche Telekom. In part, this evolution might also be explained by a stronger dynamic in revenue streams generated outside traditional AV service activity.

Among the top 100 players, private groups saw their cumulated revenue weight go up to 73% in 2022 (+4% over 2016). Broadcasters took the lion’s share (68%), followed by telco-driven companies (20%) and pure hashtag#SVOD players (12%). Private sector revenues were almost equally banked by both European and US-backed players.

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