Driven by Japan's determination to broadcast the 2020 Winter Olympics in 8K, and China's rampant consumption of new resolution formats, shipments of 8K ultra-high definition displays (7680 x 4320 pixels) are expected to only grow from just 2,700 this year to around 911,000 by 2020, according to IHS.
With 4K off to a stuttering start in the online video space, Amazon is looking to differentiate itself from competitors like Netflix, announcing that some of its original series, including Mozart In The Jungle, will be available in the newly standardized high dynamic range format.
It's still unclear whether a global market for 4K/UltraHD services from pay-TV providers will ever develop, but an installed base of 4K-capable TV sets does appear to be establishing itself.
CHICAGO--Comcast has expanded its 4K service with a new set-top box that brings the conglomerate's growing 4K lineup to the X1 platform.
By 2019, a mere four years from now, subscription revenue from OTT providers like Amazon and Netflix will reach $31.6 billion, four times as much as it did in 2014, when revenues worldwide for SVOD providers totaled $8 billion.
Driven by the technology's proliferation across devices beyond just televisions, such as smartphones, tablets and personal computers, the global market for 4K/Ultra HD will nearly double in revenue this year to $18.8 billion, according to IHS.
Despite nascent consumer demand for 4K/Ultra HD, Netflix has been the most aggressive supplier on the programming end, driving up the already high cost of producing original series like House of Cards by shooting them in 6K, for example.
Looking for ways to spark consumer interest in 4K/Ultra HD, the consumer electronics and pay-TV industries seem to have an ally in YouTube, which has debuted its latest experimental videos: Not only are they in 4K, but they run at 60 frames per second.
As operators in the U.S. prepare to hoist the next big video resolution standard, 4K/Ultra HD, new data from ABI Research suggests that less than half of global pay-TV customers have good ol'-fashioned high-definition displays in their homes.
DirecTV stands firmly behind the deployment of 4K/UltraHD services and plans to have 50-70 4K channels available to subscribers by 2020, according to SVP Philip Goswitz.