Millennials comprise the largest portion of cord-cutters. Stop the presses. Okay, fine. It's not rocket science to discover the proclivity of today's youth to consume video in an over-the-top fashion. But marketers would be wise to understand the large share of cord-cutting this group claims.
Remember when tuning in live to an online program meant the video buffered? It stopped, it stuttered, and it lagged. While those bumps may still line the viewing road, watching live video online has changed for the better in the last few years. A smoother viewing experience, coupled with more content, means the growth and availability of live streaming could impact the TV and media business in new and unexpected ways in the near term.
The anytime/anywhere video consumption behavior of Millennials is driving the changing landscape of media. Over-the-top viewing has become mainstream, along with mobile device watching, according to a new report from Ooyala detailing the digital video market in 2017.
The new year brings a new appetite for video services. According to a just-released report from market research firm Parks Associates,the demand for over-the-top services continues to expand.