According to the latest connected entertainment research findings from market research and consulting company Parks Associates, over 50 per cent of US broadband households now watch Internet video on a television screen.
“For years, the television has been the stronghold for the traditional TV industry,” said Brett Sappington, Senior Director of Research, Parks Associates. “Today, more televisions are connected to the Internet than ever, either directly or through connected devices like game consoles or streaming media players, such as Roku or Apple TV. The fact that one-half of broadband households watch Internet video on a television shows that we are well past a tipping point. The market has fundamentally changed.”
According to Parks Associates’ research:
“Broadcasters, cable networks, and pay-TV providers have noted a decline in viewership for live, linear TV channels and a corresponding increase in on-demand viewing,” Sappington said. “The abundance of alternatives is clearly impacting the traditional TV industry. Well over 60 per cent of households now subscribe to one or more OTT video services, and one-third subscribe to two or more services. Traditional players have taken notice and many have launched their own OTT offerings in an effort to get out in front of the shift.”