The number of free and subscription streaming services regularly used on average by each U.S. consumer dropped to 7.06 in April from an all-time high of 7.23 in November, according to OMDIA.
It’s the first time that the research company reported a decline.
“In the past, many have posited an ultimate limit to the number of services a consumer will be able to manage,” OMDIA said in a report released Tuesday at the Connected TV 2021 Summit in London. “With U.S. growth stumbling, many will be asking if seven is the new ceiling for video streaming video services (pay and free).”
Presenting the data, OMDIA analyst Maria Rua Aguete said, “After the 2020 explosion of VOD growth, we’re seeing a cooling of the market, partially driven by viewing habits normalizing, and industry consolidation, but also from a wealth of new SVOD and studio services.
“It’s not that people want to watch less, but people don’t like to keep so many streaming services and log-ins,” she added.
Rua Aquete also said that the rise of AVOD services has actually contributed to the decline, enticing consumers to use less of the streaming services operated by traditional cable and broadcast TV programmers.
Not surprisingly, OMDIA said that Netflix remains the most popular U.S. streaming option, infiltrated into 57% of American homes, followed by Amazon Prime Video, Hulu, Disney Plus and HBO Max. YouTube is the most popular free, ad-supported streaming option for U.S. consumers.
Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!
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