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New Survey Findings on Millennials and Television Viewing and Steaming Media (TiVO 2016 Consumer Trends Survey)

New Survey Findings on Millennials and Television Viewing and Steaming Media (TiVO 2016 Consumer Trends Survey)

“From TIVo:

TiVo released follow-up findings from its 2016 TiVo consumer survey, focusing on the behavior of U.S. millennials and how this coveted demographic interacts with video content, products and services in contrast to other generations.

Continuing the conversation around “show dumping,” TiVo found that millennials and Generation Z viewers are the most likely to give up on shows they previously enjoyed when it becomes too difficult to access them, either finding the content trapped behind paywalls or spread across a variety of entertainment sources. On the other hand, TiVo’s survey also revealed that the millennial generation spends the most time each day watching video content – there is simply a limit to how many hoops they are willing to jump through before quitting on a specific show:

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  • A staggering 54 percent of millennials have “show dumped,” giving up on a show they previously enjoyed because it became too difficult to access the content, in contrast to just 17 percent of boomers
  • Millennials also consume the most amount of content, more than 6 hours per day
  • Millennials spend 32 minutes per day searching for content to watch, a number boosted by the number of services and devices they have in the home

In contrast to other generations, millennials are most comfortable with video entertainment services and devices, likely driven by their desire to stay at the forefront of the newest content and best available innovations in entertainment technology:

  • 73 percent of millennials have streaming video devices at home
  • 91 percent pay for at least one subscription streaming service
  • On average, millennials own 3 streaming devices and subscribe to 2.7 paid streaming services, providing them with a myriad of entertainment options and access points

The complex, multi-service entertainment setup in most millennial homes splits viewing time across many platforms and services. millennials have high expectations for cross-platform discovery solutions, which are largely unmet:

  • 83 percent of millennial pay-TV subscribers use the programming guide every day
  • 53 percent of millennials want recommendations on what to watch
  • 55 percent would pay to simplify search across platforms
  • 43 percent of millennials use voice commands every day where only 8 percent of Boomers feel comfortable enough with the technology to do the same
  • 46 percent of millennials feel extremely frustrated when they cannot easily find and access the programs they want to watch, in contrast to just 20 percent of boomers

These results illuminate millennial viewing habits and the existing gap between viewer expectation and the current limitations of the discovery experience available to the average consumer. To appeal to millennials and future generations, best-in-class content and technology are necessary to capture continued interest, engagement and satisfaction.

These generational results are the U.S. subset of the overall research findings from an online survey of 5,500 pay-TV and OTT subscribers across seven countries worldwide with 2,500 interviews completed in the U.S., and 500 interviews completed in each additional country, including the U.K., France, Germany, China, Japan and India.

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Stephen

Posted on: November 28, 2016, 6:16 am Category: Uncategorized

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