Video on Demand, or VOD, is a service that enables users to view video content anytime from a wide range of digital libraries. Unlike broadcast TV, VOD gives users the power to control the temporal order to view content. That feature has caused VOD popularity to skyrocket in the past decade. VOD services have maintained the annual growth rate of 11.65% from $41920 million in 2015 to $58350 million in 2018. By 2023 the VOD market size is estimated to be $91620 million!
To keep up with the fast moving media environment companies have had to rethink the ways they deliver content. NBCUniversal now delivers a lot of content to on demand set top boxes of cable providers like DISH and online video distributors (OVDs) like Hulu. By 2020 we plan on launching our own internal streaming service, “TV Everywhere”. To manage the growing demand high quality VOD content, we are creating an internal management system, Translator VOD. NBCU is also building an internal servicing pipeline in the cloud called AWS.