MUMBAI: Along with having original digital content, catch-up content, sports and music, Multi Screen Media’s (MSM) over the top (OTT) platform Sony LIV has now expanded its offerings portfolio with the launch of a movie subscription service.
The monthly subscription service pack has been priced at Rs 149, whereas the daily subscription package has been priced at Rs 9.
Taking advantage of the fact that India is among the countries with the fastest smartphone growth in Asia, Sony LIV is seeking to bolster its foothold in the online video space.
While globally, SVOD (subscription based video on demand) is poised to become the largest revenue source in 2020, overtaking OTT advertising, in India the market is at a nascent stage with a huge growth potential in the future. With mobile video traffic in India expected to be on a growth trajectory over the next three years, Sony LIV’s new initiative will let consumers stream movies at a nominal price.
Sony LIV’s movie subscription service will be accessible to consumers through its website www.sonyliv.com or via the Sony LIV app available on Google Playstore (for Android users) and App Store for (iOS users).
MSM executive vice president head - digital business Uday Sodhi said, “The movie subscription service is a convenient and affordable way for film lovers to enjoy their favorite blockbuster hits on their preferred digital devices. We have a wide assortment of cinematic treats on offer that users can access in a single click. The different subscription models ensure that they pay as per their consumption levels. The move is targeted towards making the digital platform the only destination that consumers need to turn to in order to fulfil the entire spectrum of their entertainment needs.”
With a range of movies from across genres, users can pay for the subscription through multiple e-payment options such as credit card, debit card, Internet banking and direct billing services. Within the subscription period, members can watch unlimited movies.
The OTT platform is currently building on its catalogue with an aim to have a diverse range of movies for consumers. The platform is working towards delivering a comprehensive movie catalogue. “We are starting with building our Hindi movie catalogue and will later expand to English and other language movies too. The idea is to offer a range of movies for the consumers to consume in that subscription period. We are aiming to offer at least 1000 movies to our consumers,” Sodhi tells Indiantelevision.com.
Talking about the voyage of the OTT platform since its inception, Sodhi informs that the main idea behind Sony LIV is to make it a complete entertainment destination. The OTT platform recently added sports to its content portfolio and is currently offering the Pro Wrestling League to its subscribers.
