Streaming to be $94B business by 2025 as Hollywood rebounds

The coronavirus pandemic may have dealt a dizzying blow to Hollywood, but Tinseltown is expected to bounce back in just a few years, led by surging demand for streaming video.

PriceWaterhouseCoopers in a new report has predicted that streaming video will generate a massive $94 billion in revenues by the end of 2025, up 60 percent from 2020. The industry, led by players like Netflix, Amazon Prime and Disney Plus, will be buoyed in 2025 by a whopping $81 billion in subscriptions sales and about $13 billion in sales tied to renting or buying movies, PWC predicted.