According to the recently released Deloitte "Digital Democracy Survey," streaming video services, used by more than 42% of American households, has overtaken live programming as
the viewing method-of-choice, with 56% of consumers now streaming movies and 53% streaming television on a monthly basis, as compared to 45% of consumers preferring to watch television programs
live.
Younger viewers have moved to watching TV shows on mobile devices rather than on television, says the report. Among Trailing Millennials (age 14-25), nearly 60% of time
spent watching movies occurs on computers, tablets and smartphones, making movie viewing habits decidedly age-dependent.
The report also finds that the trend of
binge-watching, viewing three or more program episodes at one sitting, is prevalent with 68% of consumers doing so today. 31% of Americans who binge-watch, do so at least once a week, led by Trailing
Millennials, who binge watch more frequently than any other generation at 42%.
advertisement
advertisement
TV-dramas are the most popular television genre to binge-watch, says the report, commanding 54%
of binge-watchers’ attention; a characteristic more pronounced among females. And, 20% of Americans binge-watch comedies, with more being male.
Gerald Belson, vice
chairman, Deloitte LLP, "Personal viewing experiences and the ability to consume media at your own pace… significantly impacting how U.S. consumers value their content devices and
services… binge-watching… and the ability to watch what we want, when, and where we want… a cultural phenomenon that is shifting consumer behaviors and attitudes towards curating
an individual experience… “
90% of consumers now multitasking while watching TV, says the repport. Among Millennials and Generation X (age 32-48), both engage in
an average of three additional activities while watching television, including internet browsing, reading email and text messaging. Other interesting findings from the study include:
- Multitasking activities, while abundant, are not usually tied to television programs being watched. Less than one-quarter of those watching television are engaging in multitasking activities that
correlate with the ongoing program.
- Consumers tend to pay more attention to digital (online) ads as compared to traditional TV advertising, with nearly 75% of consumers saying that
they tend to multitask more during television ads than during digital ads.
- Consumers are willing to endure advertisements in exchange for discounted services. 62% agreed that they would be
willing to view advertising during their streaming video programming if it significantly reduced the cost of their subscription.
- Gaming consoles are no longer being used solely for gaming,
with 38% of consumers using them to stream movies and television online, and 29% using their consoles to view online content.
Leading Millennials (age 26-31) and
Trailing Millennials (age 14-25,) are increasingly influencing product and service functionalities and are eager to adopt the next big thing. The survey found that 13% of Trailing Millennials who
don’t already have smart watches intend to buy one in the next 12 months, and 12% of the same age group who don’t already own fitness bands intend to buy a fitness band within the same
period. Among Leading Millennials, 17% intend to buy a smartwatch in the next 12 months, and 14% intend to buy a fitness band within the same time frame.
The home Internet is
overwhelmingly the most valued service among subscribers according to 93% of Millennials. 58% of Trailing Millennial subscribers still value Pay TV, though a quarter of Trailing Millennials either
cancelled their Pay TV subscriptions in the last 12 months or haven’t had Pay TV for more than a year. Among Leading Millennials, it was shown that 16% indicated they had either cancelled their
Pay TV subscription in the last 12 months or haven’t had Pay TV for more than a year.
For more information on the "Digital Democracy Survey," please visit Deloitte here.