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US households shelled out less money for streaming services last year than the year prior, according to a recent survey of 1,000 adults by research firm Reviews. It seems endless content ≠ endless value.
The drivers: Per the survey, one big reason for the decline is ~28% of Americans are experiencing “streaming fatigue,” which Reviews defines as the “feeling of being overwhelmed with the increasing number of streaming apps.”
Streamers also continue to raise prices (and lock users out of their high-school ex-girlfriend’s account), leading Americans to increasingly pause/restart subscriptions, or switch to cheaper ad-supported plans or FAST services (free ad-supported streaming TV). A record 43% of streaming subscriptions were ad-supported by the end of Q3, according to Antenna, a market research firm.
Other fun facts: The average American has two streaming subscriptions and watches ~4 hours of content each day, per the survey.
🍿 Zoom out: The media landscape shifted in 2024 – and it could also look a lot different this time next year. See 13 predictions for 2025 from media execs.
🪙 Hailey Welch, aka Hawk Tuah girl, is once again talking tuah her audience.
📲 The link-in-bio phenomenon is expanding from social media. Gaming emulator Delta is the first major app to receive Apple’s approval for an external payment link in its App Store profile.
🎮 America’s video game industry is on a downward tilt – analysts expect the industry to contract 2%-10% in 2024, as smaller developers struggle to find footing.
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