TV Everywhere tve1 | Page 21

New consumer research from Leichtman Research Group indicates that 18-34 year-olds account for 53% of adults in the US that have a live streaming Internet-delivered pay-TV service (such as Sling TV, DirecTV NOW, PlayStation Vue, Hulu with Live TV, or You Tube TV). Overall, 11% of adults ages 18-44 currently have an Internet-delivered pay- TV service -- compared to 3% of ages 45 and above. Among all that have an Internet-delivered pay- TV service, 93% also have a subscription video on- Demand (SVoD) service from Netflix, Amazon Prime, and/ or Hulu. Additionally, 49% of Internet-delivered pay-TV subscribers have a TV antenna for watching over-the-air broadcast TV, and 35% also have a pay-TV service from a traditional (cable, satellite, or Telco) provider. These findings are based on an online survey of 6,947 households from throughout the United States and are part of a new LRG study, Internet- Delivered Pay-TV Services. This is LRG’s inaugural study dedicated to this topic. Other related findings include: l 12% of adults that moved in the past year have an Internet-delivered pay-TV service -- compared to 6% of non-movers l Internet-delivered pay-TV subscribers watch these services at home 78% of the time -- compared to 80% at home viewing of HBO NOW, and 88% at home viewing of Netflix l 69% of current Internet-delivered pay- TV subscribers are very satisfied with their service - yet, 27% are very likely to switch from an Internet- delivered pay-TV service in the next six months l 24% of those that do not currently have an Internet- delivered pay-TV service are very interested in getting one l 76% of all adults agree that there are specific networks or programming genres that are “must haves” for a TV service in their household –- this includes 88% of those very interested in getting an Internet-delivered pay-TV service “There is clearly a growing niche market for lower-cost/ lower-channel live streaming pay-TV services - particularly among younger, more mobile renters, and those living in households with more people,” said Bruce Leichtman, president and principal analyst for Leichtman Research Group. “Currently, these Internet-delivered pay-TV services are augmenting other sources of video in home, and consumers are experimenting with the various streaming pay-TV services to discover what combinations of video offerings work best for their household.” cord-cutting and new younger users are starting out with OTT subscriptions. What is more striking, however, is that twice as many – 41% – now take both OTT and traditional pay-TV services. “Cord cutting continues to be a major concern for the US cable and satellite TV industry and our latest research shows that it is definitely having an impact on these services,” advises Bhavesh Vaghela, Paywizard’s chief executive. “But the survey also reveals that those subscribers we’ve dubbed ‘pay-TV polygamists’ are emerging as a major force that runs counter to the OTT- only trend.” The research also reveals that 31% of US households boosted their overall TV and entertainment spend when they added a pay-OTT subscription in the previous 12 months, while just 17% decreased spend as a result of adding a new online TV service. According to the findings, 43% of US households plan to add a new pay-TV subscription – whether cable, satellite, IPTV or OTT – in the next six months. “The US is the most advanced TV market in the world with high pay-TV adoption and the research signals that there is a real opportunity for operators to prevent cord-cutting and win over new subscribers, as the figures also show consumers are willing to spend more overall on pay-TV if the customer relationships are managed effectively, adds Vaghela. The study also reveals: l 92% of US households have some form of pay-TV subscription l 71% have a traditional cable, satellite or IPTV subscription l 62% subscribe to an OTT service l 25% of respondents have 12% 18-34s ‘virtual’ pay-TV subs 40% US households ‘pay- TV polygamists’ US audiences may be moving away from traditional cable, satellite and IPTV packages but the trend is being tempered by the emergence of ‘pay-TV polygamists’ – households taking more than one subscription as they add over-the- top (OTT) TV service s – according to research contained in a report, Show the Love with Customer Experience, from subscription, billing and customer relationship management (CRM) specialist Paywizard. The survey of 1,000 consumers across the United States reveals 21% of households now only subscribe to OTT services such as Netflix, Amazon Prime or Hulu as their sole pay-TV package – indicating TV Everywhere 21