Pandemic helps push online video subscriptions past 1B for first time

The Covid-19 pandemic, which kept people around the world mostly at home last year, is fueling record growth in the home/mobile entertainment market. Subscriptions to online video services in 2020 surpassed 1 billion for the first time, reaching 1.1 billion globally and growing 26% from 2019, according to a new report from the Motion Picture Association of America. The home/mobile entertainment market reached $68.8 billion in global revenue, marking a 23% increase from 2019. In the United States,…