HOLLYWOOD—The Hollywood studios-backed Digital Leisure Group (DEG) commerce group that tracks shopper spending on content material is reporting that spending on subscription streaming providers grew by a hefty 17.3% in Q3 2022 in comparison with a 12 months earlier.
Regardless of financial headwinds, recession worries and inflationary pressures which might be crimping shopper budgets, DEG additionally reported that complete U.S. house leisure spending grew by 13.1% to $9.1 billion in Q3, 2022, led by $8.6 billion in spending on subscription streaming providers.
12 months up to now spending on SVOD providers for the primary three quarters of the 12 months, had been additionally up by 17.52% to $22.28 billion.
Whole house leisure spending was up 12.2% within the first three quarters to just about $27 billion.
The group additionally reported that field workplace spending spiked because the trade recovered from COVID-19 to $2.79 billion in Q3, up 85.45% from a 12 months earlier, and that field workplace spending for the primary three quarters was up 195.7% to $5.98 billion.
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