Latam, it seems, has the same impressive appetite for OTT and VOD content according to this latest report from Digital TV Research.

The report revealed there will be nearly 50 million SVOD subscribers in Latam by 2023, more than double the 21.14 million recorded at the end of 2017.

Impressively, OTT revenues across the 19 countries in the region are set to reach around $6.5 billion by the end of 2023, up from $2.47 billion in 2017.

SVOD will remain the region’s largest revenue source, with 91% of Latam subscribers signed up to Amazon Prime, Blim, Claro Video, Crackle, HBO, Movistar Play and Netflix.

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