When people try new services, like Disney Plus or Apple TV Plus, very few are cutting back on the existing major platforms
PORT WASHINGTON, N.Y. (PRWEB) January 21, 2020
In 2019, consumers watched about 20 minutes more streamed TV content per week on Netflix than they did in 2018. Weekly time spent watching the top two subscription video on-demand (SVOD) services rose 7 percent, growing from 3 hours 45 minutes in 2018 to 4 hours 6 minutes in 2019, according to The NPD Group.
Even with new subscription video services launching, audiences are still finding content they want to watch on the major SVOD services they already have. In fact, 99.5 percent of consumers with subscriptions to Netflix and Hulu viewed at least one title in a given month in 2019. “When people try new services, like Disney Plus or Apple TV Plus, very few are cutting back on the existing major platforms,” said Kathi Chandler-Payatt, media entertainment industry analyst for NPD.
While action and adventure, family, animation and superhero movies are some of the top SVOD movie genres every year, in 2019 viewers added science fiction dramas, courtroom dramas, and cyberpunk among other subgenres to the mix. Examples include “Annihilation” (sci-fi drama), “Primal Fear” (courtroom drama), and “The Matrix” trilogy (cyberpunk). The amount of time watched for all three of these subgenres has increased each year since 2017.
Original TV shows on Netflix made up over 40 percent of all content watched by either kid or adults, compared to just 10 percent for Hulu Originals. “This year will likely be the tipping point when more than half of Netflix content will be original,” Chandler-Payatt said.
About The NPD Group, Inc.
NPD offers data, industry expertise, and prescriptive analytics to help our clients grow their businesses in a changing world. Over 2,000 companies worldwide rely on us to help them measure, predict, and improve performance across all channels, including brick-and-mortar and e-commerce. We have offices in 29 cities worldwide, with operations spanning the Americas, Europe, and APAC. Practice areas include apparel, appliances, automotive, beauty, books, B2B technology, consumer technology, e-commerce, fashion accessories, food consumption, foodservice, footwear, home, juvenile products, media entertainment, mobile, office supplies, retail, sports, toys, travel retail, video games, and watches. For more information, visit npd.com. Follow us on Twitter: @npdgroup.