According to New Parks Associates consumer research, 62% of US broadband households subscribe to a traditional pay TV service via a cable or satellite provider, down from 69% in Q1 2019.
The firm points out that the gap between households in the country subscribing to OTT services and pay TV is the biggest it has ever been. While 62% subscribe to pay TV operators, more than 70% have at least one OTT subscription, with OTT penetration approaching the level of pay TV in Q1 2017 (75%).
The research also found that households are watching an average of 37 hours of TV per week across pay TV and OTT.
Steve Nason, research director at Parks Associates, said: “The explosion of online viewing options and video consumption came at the same time many shelter-in-place orders were enacted. Households are relying more and more on OTT services for a top-quality entertainment experience.
“The spike in online video consumption, the decrease in pay TV-only households, and the shift of pay TV online are widening the gap between OTT and traditional pay-TV. Traditional services are looking to migrate to the cloud to get the best of pay-TV and OTT.”
Korean K League launches international streaming platform digitaltveurope.com/2021/02/24/kor… https://t.co/NOdtsuaiiT
24 February 2021 @ 17:04:23 UTC
CGTN turns to France following UK ban digitaltveurope.com/2021/02/24/cgt… https://t.co/NrxTDpk8Bd
24 February 2021 @ 15:00:01 UTC
LG to licence webOS to TV makers digitaltveurope.com/2021/02/24/lg-… https://t.co/rKjOuqhJZO
24 February 2021 @ 14:13:45 UTC