Online video seen as a TV additive, not replacement
The other week I talked about Nielsen figures showing that in the US at least, the older you are the more TV you watch. However, that doesn’t mean that the television is being abandoned completely.
A study from Frank Magid Associates shows that only 1% of digital TV subscribers in the US have cancelled their subscriptions because they get everything that they want online (via MediaPost). In fact, only 2.5% of US media consumers use the Internet exclusively for video content.
Indeed, people who watch video via the Web seem to be entertainment junkies who indulge through a variety of different platforms. Frank Magid associates says that “consumers using the greatest number of alternative platforms also tend to spend the most money on traditional subscription services.”
As a result, online video consumers are not so-called cord cutters. Instead they see the Web as one element of their overall TV experience.
Earlier this year the UK regulatory authority Ofcom found that the most popular YouTube channels were variations of mainstream media properties. And then there is the much talked about return of appointment or social TV where laptops or iPhones are used side by side with the television set to share the experience with a wider online audience of friends.
Image – From dhammza
- Magid Study: Few Consider Cutting the Cord (tvbythenumbers.zap2it.com)
- comScore to Track “Three-Screen” Video Usage, CEO Magid Abraham (beet.tv)
- US cable TV bleeds subscribers as online grows (showbizandstyle.inquirer.net)
- Web TV viewers are ‘cord keepers’ and not cutters (liesdamnedliesstatistics.com)