More than one-fifth of young adults who stream shows like Game of Thrones or Stranger Things borrow passwords from people who do not live with them, according to a Reuters/Ipsos poll, a finding that suggests media companies are missing out on significant revenue as digital viewership explodes.
Twenty-one percent of streaming viewers ages 18 to 24 said they had accessed at least one digital video service such as Netflix, HBO Now or Hulu by using log-in credentials from someone outside their household at some time. Overall, 12% of adults said they did the same thing.
Even an inexperienced movie director would have said the symbolism was too heavy-handed. When the screening of a Netflix-backed movie started on Thursday night at the prestigious Cannes Film Festival, the aspect ratio was wrong, so large parts of the film couldn’t be seen.
The problem was quickly corrected, and the Festival said it was just a simple projection error. But that small mistake took on much greater significance because it involved Netflix.
To fend off Netflix, Time Warner Inc. is taking a page from the streaming-video giant. And it’s turning to a 6-foot-8-inch former basketball player and war refugee to make it work.
Time Warner’s Turner division, home of CNN, TBS and TNT, is planning to tailor online delivery of its channels to individuals’ tastes, tracking preferences like Netflix does before suggesting what subscribers should watch. The company behind Time Warner’s effort is iStreamPlanet, in which it bought a majority stake two years ago for $148 million.
While Netflix remains the giant in the world of over-the-top (OTT) streaming, other services are staking their own claims to the landscape.
According to a new report by comScore, more than half of America’s wi-fi connected homes have at least one OTT streaming service (streaming services that don’t require an additional cable subscription). The dominant service, in a whopping 75 percent of those homes, is Netflix—presumably because no one wanted to miss out on Stranger Things.
We all remembered when MTV famously played the music video “Video Killed the Radio Star” over and over when the service first aired. On air radio remains a mainstay because it is one of the few information and entertainment services one can access and enjoy while working, driving or working. However, video streaming does have the potential to kill TV services for several reasons. This is why stations like HBO are changing and tech companies from YouTube to Amazon are altering how they do business.
Content You Can’t Find Anywhere Else
YouTube, Amazon and Netflix have free content available on demand while other movies and shows require you to pay per episode. They try to differentiate themselves by not offering the same catalog of movies and TV shows.
Partially in response to licensing rights that were a legal mess to get approved when Amazon and Netflix tried to license American TV shows abroad, they started curating their own content and creating their own shows. For example, you can only find the modern remake of “The Handmaid’s Tale” and “Fuller House” on Netflix while “Transparent” is only on Amazon Prime.
Last week, Apple finally revealed its grand plan to conquer your TV: a new Apple TV app that brings all your shows and movies together in one place and serves you recommendations.
The idea makes sense. Apple thinks apps are the future of TV, and that eventually you will have separate subscriptions to Netflix, HBO, Showtime, Hulu, and so on — maybe you already do.
In that world, it will be annoying to have to navigate a bunch of different interfaces and menus. So Apple will do it for you with a new app called TV, which not only works on your Apple TV, but also on your iPhone or iPad.
Netflix CEO Reed Hastings thinks the state of film is a “real tragedy” and that movie theaters are “strangling the movie business,” he said at The New Yorker’s Tech Fest on Friday.
Netflix has long faced off against the giants of the movie theater business, who have largely refused to show Netflix’s original films in theaters because of Netflix’s commitment to making them available to stream on the same day they appear on the big screen.
That could be changing — but only a little bit.
Watching Netflix using Comcast is about to get a little easier.
The longtime rivals recently confirmed that Comcast’s X1 interactive television box will offer Netflix, obviating the need for a smart TV or third-party device like a Roku or Chromecast. The two companies said little more than the combination arrives “later this year,” and it remains to be seen whether you’ll pay a separate fee to use Netflix. The answer almost certainly is yes. The bigger question is whether you’ll also need Comcast Internet service to watch Netflix over X1—and, if so, whether watching Netflix will eat into your Internet data plan.
U.S. movie streaming giant Netflix just dropped the hammer and opened its service in 130 new countries, including India and Russia — but crucially not China. These new markets take Netflix, which claims 70 million customers, to more than 190 countries worldwide.
The surprise reveal came at CES 2016, where the company had expected to announce its long-awaited entry into India. Well, it did that, and then some. The move was unexpected since Netflix had slowly been building its coverage up over recent years, foraying into Asia Pacific for the first time in 2015.
AS A SPATE of new shows from Netflix and Amazon prove that some of the best television being made streams rather than airs, TV will take a financial hit. PwC’s annual five-year forecast for entertainment and media released today has revised downward the growth rate for ad spending on television. Last year, PwC predicted advertising would increase 5.5 percent annually over the next five years; now PwC says that rate will slow to just 4 percent annually through 2019.
And those are just the global figures. In the United States, TV ad spending is growing by just a little more than 3 percent annually on average. By contrast, spending jumped 5 percent between 2013 and 2014, the most recent years that PwC makes available.