According to a report by Finprom.kz, subscriptions to streamed movie and television platforms in Kazakhstan are far more expensive than in Turkey and Egypt but two times cheaper than in Switzerland.
Over the past year, costs have increased by 12% whilst the combined worth of the television, radio, film, music recording and publishing sector has risen by a third.
In 2023, the production of programs for television and radio was valued at $259.1 million, while that of cinema and video, sound recording and publication of musical products, was calculated at $202.8 million.
Kazakhstan’s expenditure of $244 million on the creation and broadcast of TV programmes represented an increase of 34.1% compared to 2022, and that of $15.1 million on radio programmes, showed a rise of 25.1%.
Cinema production was valued $81.2 million in 2023 and the cost of screening amounted to $76.3 million. The sector’s most significant growth however, lay in distribution which doubled to $37.8 million. The production value of sound recording and publication of musical works showed the greatest increase of all, rising to $4.8 million from $397,000.
Against this backdrop, the price of cinema tickets tickets soared by 11.6%.
As reported by VisualCapitalist, online streaming media services have been gaining popularity year-on-year.
The cost in Kazakhstan of a standard subscription to Netflix, recently increased to $10.76 per month, is on par with rates charged in the Eurasian Economic Union (EAEU) and Central Asia, apart from Tajikistan where subscribers pay $12.70 per month.
