According to the 360 Deep Dive: Alternative Content Consumption report, content such as livestreaming, user-generated content, short-form videos and web video series that are available via social networking, video-sharing or similar apps or sites is gaining traction.
For instance, nearly one-half of US broadband households watch user-generated content on a monthly basis, and more than 10% watch livestreamed content. Almost one-quarter of broadband households have posted videos to some type of content site or app within the last 30 days.
“Alternative video is an important part of the video landscape, and it competes with other video options for a share of consumer attention,” said Brett Sappington, senior director of research at Parks Associates. “Approximately one-half of households with a TV watch video from YouTube and similar sites on their TV set. In fact, more households watch online video from an app such as YouTube than watch video from a TV channel app.”
Parks Associates data about alternative content consumption shows that adoption of pay-TV declines as the frequency of user-generated content consumption increases. This correlation poses a future threat to pay-TV providers, the report found, as younger respondents are far more likely to watch user-generated content, which could potentially impact their future pay-TV habits and perspectives.
“Younger consumers are far more likely to create their own content as well as watch user-generated content,” Sappington said. “For these viewers, the creation of content is as much a part of the entertainment experience as is watching video. Increasingly, traditional content producers and service providers are leveraging alternative content, in order to connect with audiences and draw viewers. Some are partnering with individual web celebrities and influencers who often have a disproportionately large influence on the user-generated side of the alternative content space.”
The research also found that, at present, only 7% of US broadband households watch sporting events via livestream. And, consumers who view user-generated content are much more likely than those who never watch it to have an OTT service.
read more here: rapidtvnews.com