andybible1995
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RE: AP: Cable networks rapidly losing viewers to streaming
(03-05-2024 06:08 PM)Mav Wrote: I know this isn't directly related to college sports, but considering how much of the current state of college athletics is dictated by media rights, how quickly things are changing, and some of the numbers in this article, it seems very relevant.
https://apnews.com/article/television-tv...wtab-en-us
Quote:Now MTV is a ghost. Its average prime-time audience of 256,000 people in 2023 was down from 807,000 in 2014, the Nielsen company said. One recent evening MTV aired reruns of “Ridiculousness” from 5 p.m. to 1:30 a.m.
The general interest USA Network’s nightly audience tumbled 69% in the same time span, and that was before January’s announcement that viewer-magnet “WWE Raw” was switching to Netflix.
Without favorites like “The Walking Dead” or “Better Call Saul,” AMC’s prime-time viewership sunk 73%. The Disney Channel, birthplace to young stars like Miley Cyrus, Hilary Duff and Selena Gomez, lost an astonishing 93% of its audience, from 1.96 million in 2014 to 132,000 last year.
TBS, TNT, History, Lifetime, FX, A&E, BET, E! Entertainment, SyFy, Comedy Central, VH1 and Discovery have all lost at least half of their 2014 audience.
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In 2015, some 87% of American homes had a cable or satellite television subscription, according to the Nielsen company. By 2023, only 47% of homes subscribed. If you include services like Hulu or YouTube TV, the percentage of homes with access to multiple channels was 62% last year, Nielsen said.
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To illustrate how fast habits are changing, a survey taken in January by the digital marketing agency Adtaxi found that 73% of viewers turned to streaming before cable or broadcast when they sat down to watch TV. Only a year earlier, 42% said streaming was their default choice.
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HBO is also making the transition well, while Bravo programming is a strong draw for Peacock. Nickelodeon and MTV are among the brands having a harder time; S&P Global last week put their parent company, Paramount, on a negative credit watch, citing “the deterioration of the linear television ecosystem.”
As much as we scoffed at Amazon taking over Thursday Night Football and the Pac-12 turned their nose up to Apple TV, if these numbers continue on the trajectory they're on now, when the next round of negotiations comes around, you're going to see streaming services coming into the conversation as major players, and conferences will start to listen.
Streaming is a fad right now. People are not going to put up with price hikes and content removal. Cable will make a small comeback at some point.
(This post was last modified: 03-05-2024 07:27 PM by andybible1995.)
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