On FOX Business’ “Mornings with Maria,” Activate Consulting CEO Michael Wolf discussed his company’s recent report on 2021’s technology and media outlook, which projects that, by 2024, the average paid video streaming subscriber in America will own 5.7 subscriptions, while also watching other services for free (e.g. sharing passwords, using advertising-supported services, viewing social video).
MICHAEL WOLF: People say, ‘Are there too many of these services out there? All of our consumer research shows that within a short period of time, the average American is going to be subscribing to five of these streaming services, as well as a number of free services at the same time…
We shouldn’t forget about some other important services out there — Peacock from NBCUniversal, which is largely a ‘freemium’ service and so it [has] grown to over 30 million subscribers. And then you’ve got Amazon Prime and you get Amazon Prime for free if you’re a Prime member. And a lot of people are watching it. And so it makes sense for Amazon. A large part of these services are libraries. And if you look at that MGM library, yes, it’s ‘Rocky,’ but it’s also a lot of TV shows like ‘Handmaid’s Tale’ or shows like ‘Survivor.’ And these are all shows that people are going to watch on Amazon Prime…
It is a golden moment for anybody who is a content creator and yes, it’s people who write films, who write scripts, it’s people who produce. It’s a great moment to be in the business. People used to come to me and say, ‘Should I be trying to be an actor or should I try to be a director?’ These days it’s really worth it. There’s going to be a lot more being produced.
MacDailyNews Take: 5 streaming service subscriptions by 2024? Here, it’s more like “by 2020.”
Average American will subscribe to 5 streaming services, but only receive 4 streaming services worth of service due to inflation by 2024… the same year as the next presidential election. Interesting
I‘ll switch between the services. I have done it before. I cancelled Netflix, signed up with Disney, watched everything I wanted, cancelled Disney and went back to Netflix. I’ll do it again.
That seems to be the most common way to do things with streaming. Right now, the only streaming service I currently have a subscription to is Hulu, while the other services I have like Tubi and Pluto TV are actually free. The free streaming services actually have a very decent selection, so I’ve been able to enjoy some things with one subscription service and several free ones. I might check out the other paid services for a short while, but I’m already set with what I have.
Well I guess I’m almost there.
I pay for Netflix although for years it was part of my T-Mobile package.
Moved to AT&T with HBO Max included for free.
Apple TV actually pays me $5 a month off my Apple One bundle (for now)
And Prime Movies comes with my Prime membership that is for shipping.
Also have Discovery+ because, well, I live with a woman.
Total cost around $25 a month.
For now…
Above Average Americans will subscribe to none!