Parks Associates: Live Broadcast TV Represented 60% of Video Consumption on Televisions in Early 2012, But Only 44% at the End of 2017
MediaKind sponsors Parks Associates' inaugural Future of Video conference
DALLAS(15 Nov 2018)
A new whitepaper from Parks Associates reports live broadcast TV represented 60% of video consumption on televisions in early 2012 but only 44% at the end of 2017. The firm, which will host Future of Video: OTT, Pay TV, and Digital Media on December 10-12 in California, notes that live viewing continues to decline, with survey data from 3Q 2018 showing live broadcast video now accounts for 42% of all video consumption on a TV. "Video's Critical Path: Success at Web Speed," sponsored by MediaKind, documents the overall decline of pay-TV subscribers in North America and the shift to OTT video services, which consumers are embracing in large numbers.
"While OTT SVOD has significantly changed viewing patterns among consumers, live video is far from dead. We still see massive spikes in viewership for live events. However, an increasing amount of live viewership is on connected devices," said Brett Sappington, Senior Director of Research, Parks Associates. "Change does not come easily, but the scale of disruption in the video industry requires traditional pay-TV providers to address their business and service strategies in a new way. New strategies include delivering video to mobile phones and transitioning live video to online sources."
"Video's Critical Path: Success at Web Speed" provides insights into what operators must do to recapture their position as primary providers of video services. It also addresses the impact of OTT video services on operators' video businesses as well as how traditional pay-TV providers are addressing the new environment.
Additional Parks Associates data finds:
- The overall rate of OTT video service cancellation is steady at 18%.
- More than 85% of U.S. millennials subscribe to at least one OTT video service.
- By 2022, more than 265 million households worldwide will have more than 400 million OTT video service subscriptions.
Parks Associates will host its inaugural event Future of Video: OTT, Pay TV, and Digital Media on December 10-12, 2018, at Marina Del Rey, Calif. The conference features special Research Sponsor MediaKind in addition to sponsors TiVo, Swrve, Massive, and Premion.
To request data or an analyst meeting, contact Julia Homier at 204949@email4pr.com, 972-996-0214.
About Future of Video: OTT, Pay TV, and Digital Media
Future of Video features new consumer research and insights on the changing video and digital media markets. For over twenty years, Parks Associates has been studying the connected CE and video industries, tracking the rise of OTT services, growth rates for broadband video services, device ownership, and consumer perceptions and adoption of new video services. For more information, visit www.futureofvideo.us or connect at @video_future.
About MediaKind
MediaKind is a global media technology leader focused on enabling the delivery next-generation live and on-demand, mobile and multi-screen media experiences for everyone, everywhere. Launched on July 10 and built on the concept that media should inspire and unite humankind, MediaKind draws on Ericsson's 150-year heritage of bringing communities together through pioneering fixed and mobile communications and unites a number of media technology pioneers under one common identity. MediaKind currently serves over 900 cable, satellite, telecom service providers and broadcasters around the world with end-to-end video delivery solutions include Emmy award-winning video compression solutions for contribution and direct-to-consumer video service distribution, advertising and content personalization solutions, high efficiency cloud DVR, and TV and video delivery platforms. http://www.mediakind.com