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Study Shockingly Finds Younger Folk Really Like Streaming Video

A new study unsurprisingly finds that younger viewers are increasingly flocking to streaming video alternatives to traditional cable. According to a new study by Leichtman Research, 18-34 year-olds account for 53% of adults in the United States that have a live streaming Internet-delivered pay-TV service. The study also found that 11% of adults ages 18-44 currently have an Internet-delivered pay-TV service -- compared to 3% of ages 45 and above. Companies like Verizon have tried to pivot and capture this younger audience with mixed results.

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Among streaming video subscribers, the survey found that 93% also have a subscription video on-Demand (SVOD) service from Netflix, Amazon Prime, and/or Hulu, 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.

"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 firm boss Bruce Leichtman in a statement. "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."

Other tidbits of note from the study:

• 12% of adults that moved in the past year have an Internet-delivered pay-TV service -- compared to 6% of non-movers

• 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

• 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

• 24% of those that do not currently have an Internet-delivered pay-TV service are very interested in getting one

• 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

Most recommended from 19 comments



maartena
Elmo
Premium Member
join:2002-05-10
Orange, CA

5 recommendations

maartena

Premium Member

The morbid truth....

Cable companies will survive for some time because of the baby boomer generation. Officially, it is the generation born between 1945 and 1965. This group of people is between 53 and 73 right now, and are massively retiring, followed by the inevitable death at some time. This may sound morbid, but it will be the retirees that probably hold on to cable for a lot longer, but as soon as they die..... there are no new clients to replace them.

The younger generation doesn't want "channels", they want "on-demand" delivery of content. Some companies are aware of this and have already launched on-demand services to supplement Netflix, Amazon and Hulu.... but there are a few out there that still have their head in the sand and think they can somehow convince the younger generation to pay for "channels" to replace them golden oldies that start dying.

Morbid truth, but look at the population that falls under the babyboomer generation, and how many of them we will lose in the next 20-25 years or so.

Frank
Premium Member
join:2000-11-03
somewhere

3 recommendations

Frank

Premium Member

CableTV is dying.

Much fewer people in the 18-34 range nowadays can justify the increasing costs of paytv thats riddled with endless commercials (~$100+ just for tv after fees and taxes for anything resembling a somewhat ok package of channels without any premiums of which you might want 10-20 out of the 200+ youre forced to pay for) so they wind up just looking to the internet for entertainment.

When I was a younger I used to talk with my friends about what tv shows I watched over the weekend. Nowadays people talk about what vloggers they watched on youtube and the shows they watch on netflix.