digital video

In 2023, digital video ad revenue rose 17% to $57 billion dollars compared with $18 billion for local TV stations, which have seen their take decline an inflation adjusted 36% since 2000, according to BIA Advisory Services.

The film was shot on souped-up iPhones, which would initially seem gimmicky if Boyle hadn’t shot parts of the “28 Days Later” on handheld digital video camcorders.

Most recently, Katzenberg and tech executive Meg Whitman launched Quibi, a failed short-form streaming video app that aimed to compete in the digital video market.

Once the digital video recorder gained wide consumer acceptance, “Grey’s” often ranked among the most played-back shows.

The maker of chips used in high-end digital video devices posted revenue of $16.1 million in the period.