- 67% of US consumers expected to use Internet TV services this Christmas
- Almost a quarter of US consumers plan on signing up to Netflix alone
- Worldwide, almost half of Internet TV subscribers plan to cancel within 6 months
12/15/2015 (PRESS RELEASE JET) — Internet TV is on the rise in the US with 67% of consumers planning to use paid services like Netflix and Hulu this Christmas. According to a new Research Now study, commissioned by Paywizard, the expert in subscriber management for pay-TV, 36% of consumers already have an Internet TV subscription in the US and just under a third (31%) plan to subscribe to a streaming service this Christmas. US consumers are most willing to pay for their entertainment experiences, with a massive 80% using paid-for TV services – far greater than other countries surveyed.
With its home field and early mover advantage, demand for Netflix is the greatest at 24% and driven by the younger 18-24 age group, with half (49%) planning to sign up prior to Christmas. Amazon Prime and Hulu followed Netflix as popular choices, each with 10% demand, and newcomer HBO Now at 7% of planned subscriber choices. However, US Internet TV subscribers are not committed to staying with 1 in 8 (13%) planning to end subscriptions in January and 38% of all subscribers planning to leave within 6 months.
These findings are part of a global study highlighting that Internet TV services will be a big hit with consumers around the world this Christmas, with 52% of viewers planning to use an online TV service during the festive season. The study, which surveyed consumers in Australia, Brazil, Germany, Singapore, the UK and US, analyzed how consumers plan on watching TV this Christmas, which TV services they prefer and which devices they plan to use.
- 80% of US consumers use paid for TV services, significantly higher than the survey average of 59%
- Streaming devices are more popular in the US than Europe with 15% of American consumers using these devices – double the rate of both the UK and Germany
- Mobile viewing is on the rise, with almost half (48%) of consumers saying they will watch TV over Christmas via a laptop, tablet or smartphone
- Over 45s in US are 50% less likely to sign up for Internet TV than younger consumers and women in general are 23% less likely to than men
- US consumers are most likely to watch DVDs, with over a third (34%) of consumers stating they will watch DVDs and boxsets this Christmas.
“As the birth place of many of the leading international Internet TV services, the US market offers a great insight into the rapidly evolving battle between traditional cable and satellite services, new Internet TV players and growing number of content brands going direct-to-consumer,” said Bhavesh Vaghela, Chief Marketing Officer at Paywizard. “Although from first glance the market may appear saturated, our survey revealed that nearly two-thirds of US consumers would consider signing up for more than one service, as long as the package on offer is desirable. As operators like Hulu experiment with new pricing bundles and Netflix starts debuting richer 4K content in the US, we begin to see that developing new ways of keeping consumers loyal is critical.”
Pay-TV operators around the world are growing their traditional and multiscreen TV businesses by partnering with Paywizard. Our easy to deploy SaaS platform combines with our expert services to increase subscriber acquisition, retention, up-sell and cross-sell.
Paywizard builds your pay-TV revenues so you can achieve profitable growth. With our marketing suite you can quickly launch targeted campaigns to attract new subscribers, increase customer lifetime value and ARPU while decreasing churn.
We also deliver flexible support packages to meet your needs and guide you through the challenges of multiscreen monetization. From simple advice to complete design and deployment, we deliver revenue-boosting techniques to continuously improve your service. Our expert services team can even manage and monitor your system for you.
Paywizard is at the heart of the pay-TV market. For 17 years we’ve driven the revolution in television – from free to pay, broadcast to IP and from single device to multiscreen. We know the TV market, see the challenges our clients face and understand how to drive revenue opportunities in a multiscreen world. For leading TV service providers such as BT Sport, NBCUniversal, Setanta Sports and NHK Cosmomedia Europe, Paywizard is putting the profit into pay-TV.
Distributed by Press Release Jet
Company Name: Paywizard
Contact Person: Sophie Kay
Phone: +44 (0)20 7486 4900
Country: United States