Ofcom says 19.2 million households now subscribe to one SVoD platform, down 350,000
The number of UK homes subscribing to streaming services fell for the first time in Spring 2022, according to research from TV regulator Ofcom.
The regulator’s Media Nations 2022 report says that, after years of strong growth, the number of homes using streaming services began to slow in 2021 before starting to decline this year.
As the rising cost of living puts pressure on household budgets, the number subscribing to at least one streaming service dropped by more than 350,000 to 19.2 million. SVoD services were used by 67 of all UK households in...
The number of UK homes subscribing to streaming services fell for the first time in Spring 2022, according to research from TV regulator Ofcom.
The regulator’s Media Nations 2022 report says that, after years of strong growth, the number of homes using streaming services began to slow in 2021 before starting to decline this year.
As the rising cost of living puts pressure on household budgets, the number subscribing to at least one streaming service dropped by more than 350,000 to 19.2 million. SVoD services were used by 67 of all UK households in...
- 8/17/2022
- by Tim Dams
- ScreenDaily
The streaming sector in the U.K. made profits of £2.7 billion (3.3 billion) in 2021 – a year-on-year increase of 27, which has been put down to both more subscribers and price rises.
Last year’s growth was almost a match for 2020, which saw a year-on-year revenue increase of 28.
The figures were revealed in broadcasting regulator Ofcom’s annual Media Nations report, which reviews trends in the media sector and looks at how U.K. audiences are being served.
According to the report, TV broadcasters found that between 2020 and 2021 average viewing – across all devices, including live TV and on-demand – was down by 9 while SVoD viewing was down by 6.
2020 and 2021 were when the U.K. found itself in repeated lockdowns due to the Covid-19 pandemic. As restrictions began to ease, the average amount of time people spent watching content across all TV/video devices began to drop.
With the U.K. almost entirely out of lockdown restrictions,...
Last year’s growth was almost a match for 2020, which saw a year-on-year revenue increase of 28.
The figures were revealed in broadcasting regulator Ofcom’s annual Media Nations report, which reviews trends in the media sector and looks at how U.K. audiences are being served.
According to the report, TV broadcasters found that between 2020 and 2021 average viewing – across all devices, including live TV and on-demand – was down by 9 while SVoD viewing was down by 6.
2020 and 2021 were when the U.K. found itself in repeated lockdowns due to the Covid-19 pandemic. As restrictions began to ease, the average amount of time people spent watching content across all TV/video devices began to drop.
With the U.K. almost entirely out of lockdown restrictions,...
- 8/17/2022
- by K.J. Yossman
- Variety Film + TV
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