LeWeb11: Fernando Madeira, Co-Founder, Terra
by Alex. Average Reading Time: less than a minute.
Fernando Madeira, Co-Founder & CEO, Terra Latin America
The Latin American population online is redefining the use of the Internet and next Twitter or Google will likely be born in Latin America.
The stats speak for themselves: 30 million people have escaped from poverty in the last seven years, and 15 million more by 2014. This means consumption has been increasing, including the purchase of computers and mobile devices. There are now 90 million boradband connections. 96%of digital population now access the internet daily, and 86% more than once. The average usage is 41 hours monthly.
The four important trends in Latin America are:
- social: The penetration of social networks is 86% in Latin America, and more than 90% in Brazil.
- live: People want to know what is going on, right now
- video: 96% of digitally conntected watch videos online versus 87% offline (DVDs). 31% watch TV series online vs 27% who just watch TV.
- music: Music has always been big in Latin America
The rest of the presentation was about Terra’s services, including upcoming streaming of Olympics and World Cup.

