Digital content revenues to surpass $200bn in 2018
According to a new study conducted by Juniper Research, global consumer expenditure on digital content is expected to reach $202bn in 2018, up 10% on the $184bn that is expected this year.
Juniper found that subscription video-on-demand (SVoD) services will act as a key driver within this growth, with both Netflix and Amazon committing budgets of at least $5bn to creating original content, attracting more consumers to their respective platforms.
Further, although as many as 76% of US households currently subscribe to at least one SVoD service, this number only amounts to 35% in the UK – a proportion that provides significant room for growth.
Within the report, Juniper also predicts that Amazon and Facebook are likely to pose a significant challenge to the sporting rights industry.
“Amazon is in a particularly strong position here, because sports packages could be bundled within Amazon Prime, with the additional retail spend generated by new customers significantly reducing the scale of net additions required to recoup the rights costs,” said research author Windsor Holden.
With Facebook both having recently bid for the worldwide Indian Premier League (IPL) cricket rights, and Amazon putting significant emphasis on expanding its streaming presence, Juniper expects one of the two to secure at least one major live rights package in the forthcoming English Premier League auction.
Brave's new privacy-focused search engine is now in beta
Brave, the creator of a popular ad-blocking browser, has opened a public beta of its privacy-focused search engine, Brave Search.
The search engine was previously announced in March when Brave acquired Tailcat, and since then there have been over 100,000 users who signed up for preview access and testing. Brave recently passed 32 million monthly active users (up from 25 million last March), and Brave Search is the latest product offered by the company in its suite of privacy-preserving tools. Brave already offers privacy-preserving Brave Ads, Brave News, and a Firewall+VPN service.
Brave Search is available in beta release globally on all Brave browsers (desktop, Android, and iOS) as one of the search options alongside other search engines, and will become the default search in the Brave browser later this year. It is also available from any other browser at search.brave.com.
"Brave Search is the industry’s most private search engine, as well as the only independent search engine, giving users the control and confidence they seek in alternatives to big tech,” said Brendan Eich, CEO and co-founder of Brave.
“Unlike older search engines that track and profile users, and newer search engines that are mostly a skin on older engines and don’t have their own indexes, Brave Search offers a new way to get relevant results with a community-powered index, while guaranteeing privacy. Brave Search fills a clear void in the market today as millions of people have lost trust in the surveillance economy and actively seek solutions to be in control of their data,” added Eich.
How does Brave Search work?
Brave Search uses its own index and ensures ‘a fully anonymous search’. It is transparent in how search results are ranked and integrates with a privacy-preserving browser on desktop and mobile.
In order to present an alternative to big tech, Brave decided to build its own index rather than rent it from Google or Microsoft, as other smaller search engines are currently doing. Brave Search includes anonymised contributions from the community to improve and refine results. However, there are types of queries and certain areas such as image search, for which their results are not relevant enough yet, and in those cases, they are using APIs until they can expand their index.
Brave Search is not displaying ads during this early part of the beta phase, but will offer options for both ad-free paid search and ad-supported free search later.