UAE investors are targeting India's OTT (Over-The-Top) market, driven by the country's growing video streaming audience of over 547.3 million.
Smartphones are the dominant choice for online video consumption, with 97% of viewers using them and 81% relying exclusively on smartphones for OTT content.
UAE-based investment firm Royal Cut Investment invested AED 50 million in Royal Rapchee Entertainment, a new OTT streaming platform launching in UAE and India, with plans to expand across Asian and Middle Eastern countries.
OTT growth in India is propelled by AVoD (Advertising-Based Video on Demand) audiences, with free content driving expansion, especially in small towns and rural areas.