More than half (50.6%) of US consumers prefer using ad-supported video (AVOD) services to reduce or eliminate subscription fees, according to new research from multichannel streaming leader, Future Today, and Variety’s Variety Intelligence Platform (VIP+). Similarly, viewers find the ads shown while streaming are considerably more relevant to their interests compared to those shown on traditional cable or broadcast television.
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Video Streaming Survey 2021 Infographic (Graphic: Business Wire)
These findings and insights come from the recent “Future Today x Variety Intelligence Platform Streaming Study,” which took an in-depth look at the latest TV viewing behavior and streaming preferences, polling U.S. consumers to identify the emerging trends shaping OTT, advertising, and the broader TV industry.
“Consumer viewing preferences continue to evolve. Streaming has become the de facto source for watching TV shows and movies, but not all services, platforms and models will thrive in this shifting media landscape,” said Vikrant Mathur, CEO and Co-Founder of Future Today. “Despite some pundits’ expectations, we’re seeing AVOD adoption flourish, and expect this trend will continue to grow for years to come. Our research solidifies that with the right viewing experience, the ad-supported streaming model is ideal for content owners, brands and, most importantly, audiences.”
“The world of free streaming is in a state of metamorphosis. FAST in particular is very distinct from its first era, but as the findings from the Streaming Study show, the change is not complete,” added Gavin Bridge, Senior Media Analyst, Variety Intelligence Platform. “Future trends to note will be the involvement of more big media brands as FAST becomes a new distribution strategy for getting content in front of viewers.”
The study also found that consumers are tired of paying for too many subscriptions. More than a third (35.5%) plan to decrease their number of subscriptions in the next 6 – 12 months. On average less than 15% of consumers have stopped using a streaming service within the past year.
The “Future Today x Variety Intelligence Platform Streaming Study” studied numerous topics and compares FAST channels to AVOD to SVOD to traditional TV viewing in a statistically relevant sample of over 1,000 consumers across the United States. The survey was conducted between June 15 and June 30, 2021, as a means of investigating consumer streaming preferences and viewer behavior.
Complete findings are available at www.futuretodayinc.com/press-releases/more-than-half-of-all-tv-viewers-prefer-ad-supported/.
About Future Today
Future Today is a leader in the ad-supported streaming media universe with its flagship channels – FilmRise, Fawesome and HappyKids – ranking in the top free channels across nearly every OTT consumer platform. The company’s proprietary, cloud-based technology platform manages OTT services for more than 350 content owners, producers, distributors and major media companies helping them launch and monetize complex Connected TV channels across devices in a matter of days. Future Today’s comprehensive portfolio of technology and services includes video management, content management and publishing, app development and maintenance, cross-channel promotion, advertising, monetization and more. Learn more about Future Today here.
Bob Gold & Associates