Thursday, October 10, 2019

Parks Associates webcast highlights pay TV, OTT, and consumer electronics and computing trends for 2020

One-third of US broadband households consider watching TV/movies at home as their top leisure activity

Parks Associates will preview the key 2020 trends and topics for connected entertainment and CE during the complimentary webcast “Looking Ahead to 2020: Video Entertainment and CE,” on Thursday, October 17, 1:00 P.M. CT. The research firm notes that watching TV and movies at home is the leading leisure activity among US broadband households, with 70% ranking it in their top three and 34% listing it as their top leisure activity.

During “Looking Ahead to 2020: Video Entertainment and CE,” Parks Associates’ OTT, connected CE, and entertainment services analysts will highlight top research findings that will impact growth in these markets in 2020, including new strategies to drive adoption of video services, computing, and connected entertainment. The firm reports 25% of US broadband households subscribed to an OTT service in the past 12 months and 35% did so because that service offers a specific show or series.

“Video distribution services are changing for consumers, and the vast majority of consumers still rank watching TV and moves in their homes as one of the top three leisure activities,” said Elizabeth Parks, President, Parks Associates. “The entertainment industry continues to grapple with market consolidation, changes in market structure, disruptions in business models and distribution, and shifts in consumer habits.”

Parks Associates research finds local programming is one of the most enjoyed types of content, with 56% of respondents ranking live local channels as one of their three most enjoyed programming types. Access to local content is expanding, as content and service providers are introducing new ways to watch live broadcasts, such as livestreaming via social media outlets.

By contrast, theater-based movie viewing is low in popularity, but it could benefit from partnerships with OTT video services, capitalizing on consumer demand for specialized and original video content.

This webcast will highlight trends in adoption of streaming media devices, shifts in business models, growth of OTT services, and other key trends impacting the entertainment services and content distribution markets.

Additional research highlights:

  • Since 2014, the percentage of US broadband households that subscribe to two or more OTT services has increased by 130%.
  • Over 40% of US broadband households are interested in 5G.
  • Subscriptions now account for nearly 86% of US internet TV and movie spending
  • 12% of US broadband households say voice control is the top feature when buying a new
    smart TV.


Go to http://parksassociates.com/entertainment-2020-oct2019 to register for this webcast. For more information, contact sales@parksassociates.com. To request specific research data or an interview, please contact Sherrelle Lewis at sherrelle.lewis@parksassociates.com, 972-996-0214.

About Parks Associates: Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.

The company's expertise includes the Internet of Things (IoT), digital media and platforms, entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, support services, consumer apps, advanced advertising, consumer electronics, energy management, and home control systems and security.

Each year, Parks Associates hosts industry webcasts, the CONNECTIONS™ Conference Series, Smart Energy Summit: Engaging the Consumer, Connected Health Summit: Engaging Consumers, and Future of Video: OTT, Pay TV, and Digital Media.

http://www.parksassociates.com

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