Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Demand for streaming TV services remains strong, Nielsen survey suggests

Published 02/11/2020, 05:20 AM
Updated 02/11/2020, 05:20 AM
© Reuters. FILE PHOTO: A man looks at his phone as he passes by a screen advertising Walt Disney's streaming service Disney+ in New York

By Helen Coster

(Reuters) - Consumers love streamed TV and film and want content providers to keep it coming, a new survey from U.S. data and measurement firm Nielsen suggests.

In a survey it conducted for its latest Total Audience Report, Nielsen found that, even as the number of streaming services rise, 93% of respondents would keep paying for the ones they have or subscribe to others.

Technology and media investors fear the market may be becoming too crowded to accommodate new services. But the Nielsen survey suggests consumers will keep signing up.

In 2019, the U.S. audience could choose from over 646,000 different titles across traditional broadcast TV and streaming platforms, up nearly 10% from 2018, according to Nielsen. Of those, about 9% were only available on a streaming service such as Netflix (NASDAQ:NFLX), Walt Disney (NYSE:DIS) Co's Disney+, Apple (NASDAQ:AAPL) Inc's Apple TV+ or ViacomCBS's CBS All Access.

Streaming is particularly popular among young adults. Among 18- to 34-year-olds who participated in the Nielsen survey, 96% subscribe to a paid streaming video service, compared to 91% among all consumers of all ages.

Nearly one-third of all respondents and almost half of respondents aged 18 to 34 say they subscribe to three or more paid services - leaving plenty of room for AT&T- owned WarnerMedia's HBO Max and Comcast's Peacock streaming services, which are launching this year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.