Euromedia March April mar apr | Page 18

Research Europe: VoD up 41%, live streaming down 30% Covid-19 has had immediate impacts on streaming consumption patterns and engagement, with marked differences in the past month alone, according to Conviva’s latest streaming data report. In this unprecedented time for streaming, Europe-based video publishers face distinct challenges. Key findings in the report include: l Streaming was stable in March for European publishers – On a global scale, streaming jumped more than 20% as compared to two weeks prior, with the Americas contributing significantly, up nearly 27% in the same time period. The overall stability in Europe masks a number of drastic shifts in consumption patterns. l Sports consumption has collapsed – Sports content in Europe has typically accounted for 30% share of viewing –the effect of near-universal suspension of sport in Europe has been profound. Comparing the last week of March vs. the first week, sports viewing hours were down 91%. l Entertainment consumption is up – Entertainment consumption rose by 39% in Europe. With its larger share of viewing, this was sufficient to cancel out the drop attributed to sports. l News consumption has skyrocketed – As viewers stay up to date on the latest, news increased over 130% and tripled its share of viewing. l VoD consumption has overtaken Live – On-demand content consumption is up 41% whilst live consumption 18 EUROMEDIA has dropped 30%. l US streaming powerhouses distract – Coincidental launch of some US streaming services in March have distracted some viewers from the home- grown streaming platforms. Television’s transition to the Internet will accelerate – The increase in VoD consumption is likely to indicate a longer- term shift to on-demand viewing behaviour. Back catalogue significance will increase – A trend that was well underway before Covid-19, as demonstrated by the vast sums paid for shows such as Friends, The Office, and Seinfeld, is likely Survey: 75% of UK say broadband “coping well” to accelerate in Europe. As the release rate of fresh premium content reduces and captive audiences rediscover old content, the quantity and quality of back catalogues will be more important than ever. Sports will bounce back with a vengeance – Europe’s appetite for sports content hasn’t diminished. A pivot to eSports amongst sports-centric publishers has demonstrated demand remains. With several tournaments touted to recommence behind closed doors, demand for sports broadcasting will be higher than ever. behaviours adapt to these challenging times,” advises Adrian Baschnonga, global lead telecommunications analyst. “Elevated levels of home working alongside a broadening range of online behaviours underline the importance of robust networks now and in the days, weeks and months The research also reveals that news quality is a priority among households at a time when news consumption is on the up: half of consumers have looked at news content more often since the crisis began. PSBs are benefitting from the desire for quality, with 40% of consumers relying Covid-19 is prompting a shift in UK households’ digital activity. According to EY’s survey of 2,000 UK consumers, many consumers are increasing usage of services they already have – 29% have used TV streaming services more often, 30% report an increase in home working via collaboration applications and 35% are making more mobile phone calls. “We are seeing a step- change in demand for digital connectivity and content in the wake of coronavirus, as household more heavily on them for news content and 77% believing they are coping well with the crisis since it began. The new wave of digital demand is also apparent in households’ evolving needs in terms of customer support: nearly half (46%) would be happy to use automated customer service and virtual assistants to ensure quick access. This comes at a time when many customer support functions are under strain – close to one quarter (24%) of consumers who have accessed a customer service centre during the crisis have had a poor experience. In addition, 23% of respondents are concerned that businesses may not be able to keep their personal data safe during the pandemic. Meanwhile, broadband and mobile network providers are perceived to be coping well by 75% and 73% of consumers respectively, with only 7% and 5% voicing negative perceptions. However, other industry actors rank further down: only 54% think social media platforms are faring well while and just 45% have a positive view of print media performance. This good news for telcos and TV providers is echoed by consumer indications of loyalty: 89% of households are unlikely to switch broadband provider and 93% are unlikely to switch mobile and pay- TV provider due to the coronavirus situation. At the same time, more than three in four households think their current packages are sufficient to meet their needs during the crisis (77% for TV and streaming services, 79% for broadband packages and 81% for mobile packages). When asked about specific actions their service providers should take to help with the Covid-19 situation, ensuring reliable and resilient performance ranked as the top consideration for broadband providers (42%) and mobile providers (40%).