People on average pay for three subscription OTT services, and around 7% of households have more than five. Of these subscription bundles, 11% of people have Netflix and Amazon subscriptions with a third streaming service. Although niche services tend to have higher churn rates, annual rates of around 30% compared with 20% for broader-content streaming services like Netflix or Amazon.
A year after the United States Supreme Court struck down a 26-year-old federal law that prohibited sports betting, many broadcasters are still hedging their bets on where television fits into the picture. However, Sinclair Broadcast Group has gone all in. And Sinclair isn’t the only player at the table.
Mary Meeker recently released her 2019 Internet Trends Report. The annual report is an industry bible of need-to-know data points eagerly awaited by trend-spotters and strategists alike. It’s also usually 300+ pages of data. For news leaders who know they should read the entire report, but can’t find the time, fear not. Here are 10 trends affecting the news industry you need to know.
Data Plus Math, the company that helped A+E Networks and NBCUniversal offer some of the first TV-related business outcome guarantees to marketers, has been acquired by LiveRamp, the data-management platform company for marketers. The deal is for $150 million — $120 million in cash and $30 million in “time-based” equity.
Ad-supported streaming service Tubi said it has surpassed 20 million monthly active users after activity in May reached 94 million hours of content viewing and revenue in the month set a company record. Tubi, which launched in 2014, is privately held and did not disclose the monthly revenue figure.
Carlos Amezcua and Lisa Remillard debuted BEOND.TV that establishes an online digital platform for original content paired with broadcast access. The new initiative launches with Carlos and Lisa, a half-hour news talk program that incorporates issue-driven discussions with Southern California flavor
Netflix is testing a pop-out player so subscribers can watch content on the service while continuing to use other applications. The feature lets users pop out a screen that floats on top of other windows and applications. Users can resize the player by clicking and dragging. Right now, the feature doesn’t support subtitles.
Locast, a startup that provides streaming access to local TV channels in a growing number of markets, continues to succeed where others, such as Aereo and Ivi, crashed and burned. It’s still early days, but Locast appears to have found a way to stream access to those channels without having to dodge the crushing legal hammer of powerful U.S. broadcasters.