Fresh, original content on streaming platforms continues to drive usage -- if not new subscribers -- partly to please hardcore TV consumers who have almost five hours per
day of TV-streaming viewing. But what about those
"light" TV viewers?For TV marketers, these consumers have always been hard to get
and highly desirable consumers.
Some definitions of "light TV viewers" designate them as those who watch less than two hours of TV a day, comprising roughly 31% of adults 18 to 49. Factoring
into this over recent years has been the high rate of broadband access of these viewers, as well as cord-cutting.
"Light" TV viewers could also be defined as older and perhaps more financially
secure consumers who don’t have the need or desire for day-in, day-out viewing.
We might be thinking about these consumers in a pre-2000 context, before the rapid rise of digital media
-- social media, YouTube, and of course, more recently connected TV/streaming services. And you might think the fractionalization of TV usage --- if not media overall --- makes it all the harder to
find these viewers.
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Now, with regard to these low-usage viewers, think about reach -- especially for cable TV networks.
In 2014, for example, the average Turner network reach -- TNT,
TBS, CNN, for example -- had a 30% to 35% reach of U.S. potential viewers.
Now, with cord-cutting and other media distractions, it has now plummeted to around 15% to 18%. Where did those
viewers all go -- and more narrowly, where did all those potential light TV viewers to those networks go?
In this regard, Warner Bros.' "The Batman," which was originally released in theaters
March 4, is only now becoming available on sister premium streaming service HBO Max starting HBO Max starting April 18 and on
HBO on April 23.
The more high-usage media and frequent movie-theatre consumers -- young moviegoers -- rushed to see the movie when it opened in theaters. Its first weekend (March 4-6)
launched with a massive $134 million, and according to Box Office Mojo Worldwide, it is now at $735.2 million.
All good. But where is the potential audience now for "The Batman” on HBO
Max? Are those potential viewers of the Caped Crusader "light" TV viewers, perhaps?
We know the whole backstory of WarnerMedia releasing theatrically intended movies simultaneously in theaters
and on HBO Max for all 2021 -- all to give the streamer a quicker launch. But what is it now -- and what is the intent?
If the movie business continues to genuflect to all possible
distribution partners -- including movie-theater owners -- does this mean that for the near-term hardcore streaming entertainment audiences for some content gets a back seat?
No problem if
that is the case. Casual, light TV and streaming viewers are still important. But they are only one piece of the puzzle.