Data: SVoDs maintain 2020 pandemic gains
August 12, 2021
The streaming explosion, which hit its apex during the Covid-induced lockdowns in Q2 2020, is here to stay according to new data from streaming media intelligence cloud Conviva.
Conviva’s Q2 2021 State of Streaming report revealed streaming viewing time worldwide grew 13 per cent in Q2 2021, as compared to Q2 2020. Despite a 7 per cent decline in streaming viewing in April, North America still saw a 2 per cent increase in streaming viewing in Q2 2021, compared to the same time last year. Other regions saw even bigger spikes in time spent streaming with Africa growing 79 per cent and South America growing 192 per cent year over year driven by the launch of new services.
In tandem with increased viewership, the quality of streaming ads also improved significantly in Q2 2021. Only 16 per cent of ads represented missed opportunities as they went unfilled or failed to play as expected, down from 37 per cent the previous quarter. While total ad attempts dropped 8 per cent from Q1 to Q2 2021, more attempts were successful, resulting in a 4 per cent increase overall in ad impressions. What’s more, in Q2 2021, viewers had a better experience with ads as they spent 31 per cent less time waiting for ads to play and ad duration decreased 3 per cent to 27 seconds.
“As the global streaming industry grows and competition becomes even more intense, consumer expectations for a superior streaming experience – premium content, consistent performance and high-quality ad creative – will only continue to rise,” said Keith Zubchevich, CEO, Conviva. “The publishers and advertisers that can meet or exceed these expectations will be rewarded with continued growth; however, failing to address any aspect of the viewing experience could spell disaster.”
Big screens, including connected TV devices, smart TVs and gaming consoles, remained the dominant way to stream in Q2 2021, commanding 73 per cent of global viewing time, down just 1 per cent from Q2 2020 even as consumers spent less time home bound.
Mobile phones captured that 1 per cent share, growing from 10 per cent in Q2 2020 to 11 per cent in Q2 2021. While smart TVs continued their meteoric rise, up 46 per cent, and connected TV devices saw moderate growth, up 5 per cent, gaming consoles were the lone big screen streaming device to tally a significant decrease, down 14 per cent.
Among connected TV devices, Roku maintained its dominance with 31 per cent global share of big screen viewing time, but dropped slightly in share as smart TV-only devices including Samsung TV, LG TV, Android TV, and Vizio TV each increased 1-2 per cent.
Streaming services are beginning to realize the immense value of social platforms as they promote their content and engage with consumers. Grey’s Anatomy, which promotes its streaming availability on Hulu, had the most cross-platform engagements on social media in Q2 2021, closely followed by Netflix’s Spanish-language drama Elite.
Among new originals, Loki claimed the top social engagement spot for Disney+ at number four on Conviva’s list of the top streaming shows by social media engagement. Netflix was the streaming service most successfully driving engagements for its shows on social media with six shows noted on the list, followed by The CW with four of the top 25 shows.
In addition to advertising on linear and streaming, the largest companies in the world continue to leverage video on social platforms as a way to engage with their customers. According to a Conviva analysis of the Fortune 500, McDonald’s, Netflix, Nike, Apple and Facebook all claimed top social spots in Q2 2021.
Netflix tallied the most social media videos, most video views and highest total cross-platform engagements, while Apple had the highest average engagements per video and highest average engagements per post for the quarter. McDonald’s collaboration with the K-pop group BTS drove millions of engagements in Q2 2021, securing it the top spot for average cross-platform engagement rate for any brand with more than fifteen thousand followers.