As the holidays are approaching, so is peak season for streaming. Now we watch more movies, series and documentaries than any other time of the year. Focusing on the programming of these services, Mediavision can conclude that to a very high degree the English-spoken content is dominating.
Streaming services in the Nordics are largely dominated by foreign, English-language content. Almost 70 percent of all hours of fiction and entertainment on the SVOD services are of non-Nordic origin. The big libraries of the global SVOD services are mainly built up by international and specifically US content. Nordic programming represents a small share of the total supply. The appetite for local content is, however, greater. Bottom-line, the demand for local content is higher than the supply.
Global actors also seem to have noticed this wish among the viewers, as the attention to locally produced content has increased lately. For example, Amazon Prime Video recently announced a slate of 18 Nordic productions and entered a three-year deal with Nordisk Film. Disney Plus has announced its first Nordic original and Netflix’s first ever Nordic reality series is in the making. The highest share of local content is, to no surprise, found on the services of Nordic origin such as Cmore, TV2 Play, Ruutu Plus and Viaplay.
-The demand for local content is strong in the region and several SVOD services now increase their Nordic programming, comments Natalia Borelius, senior analyst at Mediavision. However, local productions often have a smaller target market which can make the cost aspect more challenging.
The Swedish market for paid podcasts is growing rapidly. In the first quarter of 2023, a record number of households paid for podcast content. Compared to the same period last year, households spend on paid podcasts has nearly doubled. This is concluded in Mediavision’s latest analysis of the Swedish audio market.
In Sweden, an increasing number of people both listen to and pay for podcasts. During the first quarter of the year, a sharp increase in paying households is noted, which results in major growth in turnover for the podcast market. Over half a million households paid for podcasts during the first quarter of the year, or 230,000 more than the same period last year. Paid podcasts are either subscription services (usually with multiple titles) or specific titles paid through, for example, Patreon. It is primarily payments of specific titles that has increased; here, the number of paying households has more than doubled in one year. This means that household spend on podcasts has almost doubled in one year. The average monthly spend for podcasts across all households now amounts to around SEK 9. Note that this figure does not include payments for services such as Spotify, where podcasts are included.
Today, podcasts are something that attracts a wide audience. Close to 1.5 million 15–74-year-olds in Sweden listen to podcasts on an average day. But most of the podcast that they listen to are “free”, that is, either financed by advertisements or by public service. However, there are many indicators that the paid market will continue to grow, as well as the advertising market. IRM’s forecast for the podcast advertising market is continued, but diminishing, growth in 2023.
– Podcasts are still the smallest paid segment within audio, even though it is currently growing the most in terms of paying households. For paid podcasts, two clear “paths” are currently visible: Subscription services with several titles and subscriptions to specific titles. Interest is increasing for both, but specific titles have grown most in terms of the number of paying households, comments Fredrik Liljeqvist, senior analyst at Mediavision.
Mediavision is a Nordic independent analysis and consultancy firm, focused on analysis and strategy within traditional and digital media. 3,000 respondents between the ages 15 to 74 are surveyed each month in Sweden.
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