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[Music] hello and welcome to another edition of the business of ott i am chris linden your host and chief operating officer at active video today well be talking ott content providers with my guest edly who is the svp of content strategy and partnerships welcome ed thanks for having me so what is the state of apps in 2020 ed yeah the business is really taking off its a super exciting time to be part of the ott business you know we see a revenue forecast of about 167 billion globally for the ott business by 2025. were seeing an incredible amount of content choice enter the market disney plus launched last year and now theyre over 50 million subscribers which is just incredible and growing fast and theyre expanding globally we saw the launch of hbo max and peacock several months ago and theyre doing really really well in terms of requiring new subscribers since their recent launches weve heard from paramount and cvs that they are rebranding the cbs all access service to paramount