According to research conducted by
Frank N. Magid Associates with Magid Media Futures 2010 study, half of respondents now watch online video weekly or more often, an increase from 43% in 2009. Viewers aged 18 to 24 accounted for the
greatest increase in weekly online video viewership. Consumers also said they expect to watch more video online over the coming year.
Erick Hachenburg, CEO of Metacafe, says that "... the
dramatic increase seen over the last year in viewership from the coveted 18 to 24 year-old demographic raises the stakes for online video ad spend... these consumers are the ‘entertainment
drivers' that define pop culture and determine breakout hits in the social media world... "
Short, professional videos accounted for eight of the 10 most popular video genres,
including music videos, movie previews, clips of TV shows, sports and comedy. More than 25% of consumers overwhelmingly said watching short, professional videos online is just as entertaining as
watching full-length TV shows on television. Ads in online video content are also increasingly seen as equally or more acceptable than TV ads.
Attitudes Toward Online Video Ads (% of US Online Video Viewers, May 2010) |
Agree That: | % of Respondents |
Ads in Online videos more
acceptable | 7% |
Ads in Online videos just as acceptable as ads in TV shows | 48 |
Ads in Online videos less acceptable | 24 |
Not sure | 22 |
Source: Magid Associates, "Media
Futures," June 2010 |
Mike Vorhaus, President of Magid Advisors, said "... the findings represent an important shift in behaviors and attitudes
over last year... professionally produced short-form content preferred by the majority of respondents further solidifies this entertainment genre... "
The research for trends and
insights into consumer behavior, and response to online video content and advertising, yields these key findings:
· Half of Internet users now watch online
video weekly or more frequently, up from 43% in 2009
· Viewers aged 18 to24 have the most voracious appetite for online video, with 85% of males and 68% of
females now watching online video weekly
· Time spent watching online video is expected to grow by 5% over the next 12 months
· Three out of four respondents watch some type of short professionally produced videos online regularly, with the highest percentage among 18 to34 year-olds
(83% of males and 75% of females)
· Short professional online videos rival TV shows in entertainment value, with 31% of respondents finding them equally or
more entertaining than watching full-length TV shows on a television
· 63% of online video viewers regularly watch music videos, movie previews, clips of
TV shows, sports content or video game content
Millennials, the biggest fans of online video, were also the most comfortable with the ads. Nearly a fifth of men ages 18 to 24 thought online
video ads were more acceptable than TV ads; 10% of women the same age agreed. Older users tended to view the two as equivalent.
Attitudes Toward Online Video Ads (Age & Gender, % of Group, May 2010) |
| Online Video Ads Better | Online Video Ads Same | Online Video Ads Less Acceptable |
Age | Male | Female | Male | Female | Male | Female |
8-11 | 5% | 5% | 49 | 44% | 28 | 25% |
12-17 | 7 | 5 | 50 | 46 | 23 | 25 |
18-24 | 18 | 10 | 49 | 47 | 23 | 25 |
25-34 | 11 | 5 | 54 | 50 | 19 | 20 |
35-44 | 9 | 6 | 46 | 40 | 25 | 24 |
45-54 | 4 | 1 | 50 | 40 | 29 | 19 |
55-64 | 2 | 3 | 44 | 50 | 34 | 14 |
Source: Magid Associates, "Media
Futures," June 2010 |
Younger viewers may feel so positively toward online video ads because they realize how few there are in comparison to television
commercials. Two-thirds of cross-platform TV viewers told comScore in December 2009 that watching online was better because there were fewer ads, but the same study indicated users would tolerate more
interruptions.
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