IPTV overtook satellite to become the second biggest pay TV distribution platform in 2018, although still well behind cable, if we discount OTT. We noted this at the time it actually happened in April 2018 but now the figures can be counted, confirming also that this is almost entirely down to the rampant growth of IPTV in China which has only recently slowed down. For that reason, it is a different story when it comes to revenues where IPTV is still well behind DTH, accounting for around 22% of the global $230 billion total for 2018, approaching $50 billion. DTH was in fact top on $97 billion and cable about $83 billion for which higher numbers of subs are offset…