LONDON: The Middle East and North Africa region’s pay-TV revenues are set to fall $1.6 billion by 2029, a report by market analysis firm Digital TV Research revealed on Monday.

The study attributed this 43 percent drop to $2.2 billion to the increasing popularity of over-the-top media services and the issue of piracy in the region.

“Legitimate pay-TV penetration has always been low in most MENA countries, but the decline is accelerating as pay-TV subscribers convert to OTT platforms,” said Simon Murray, principal analyst at Digital TV Research.

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