Industry News

Streaming Giants Battle For Anime Supremacy

16 May, 2023

From R-rated sci-fi to teen biker gang adventures, streaming platforms are locked in an intensifying battle for dominance in one of the entertainment sector's hottest and most lucrative mediums: anime.

Fuelled in part by the pandemic, the popularity of the cartoons pioneered in Japan has created a goldmine for streaming giants such as Netflix, Disney+ and Amazon Prime.

The global anime market was valued at $28.6 billion in 2022, according to Grand View Research, and is forecast to double in value by 2030. "The peak may still be ahead of us," Aya Umezu, CEO of Tokyo-based entertainment consulting firm GEM Partners, told AFP.

Visit International Business Times to read this article.

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