Parks Says Consumers Will Spend Billions on ‘Net Video

Parks Associates is predicting that U.S. consumers will spend over $6 billion for Internet video services by 2013.

According to the summary, “This new report finds that greater ownership of connected game consoles, networked TVs, and alternative video-on-demand set-top receivers is generating significant growth in user-paid revenues. Future areas to watch include ad-supported movie streams, new targeted advertising approaches, and Hollywood’s efforts to offer more electronically distributed content through download-to-burn kiosks and other manufacturing-on-demand outlets.”

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