DALLAS, TX--(Marketwired - Oct 8, 2015) - Parks Associates research finds 10% of U.S. broadband households are "cord cutters," with one-fourth of them having canceled their pay-TV service in the past 12 months and instead using online video sources. In addition, 7% of U.S. broadband households are recent "cord shavers," those who have downgraded their pay-TV service within the past 12 months and use online video sources. "Cord nevers," consumers who have never subscribed to a pay-TV service but do use online video sources, represent 3% of broadband households.
"Although pay-TV adoption rates have held fairly steady over the past four years, the video industry is highly sensitive to these groups of consumers," said Brett Sappington, Director of Research, Parks Associates. "Cord cutters, shavers, and nevers represent both the risk and opportunity facing the industry today. As viewing evolves, companies want to be sure that they are in a position to react to trends and adequately capture revenues. The massive influx of new OTT video services in 2015 is one example of video market players making moves to prepare for the new future of video entertainment."
Sappington is a key speaker at Future of Television during the New York Media Festival in New York City. He will be addressing how key TV studio players are adapting their distribution and product strategies to keep their legacy businesses whole while exploiting new opportunities in the current OTT content space. The panel, "OTT Delivery: plus ça change, plus c'est la même chose," will be held on Friday, October 9, at 4:00 P.M. and includes speakers from PlutoTV, NBCUniversal, Pelmorex Media, PBS, and iTV Doctor.
What:
Brett Sappington, Director of Research, Parks Associates, at Future of Television
Date:
October 9, 2015
Time:
4:00-4:30 PM
Where:
The Museum of Jewish Heritage
36 Battery Place
New York, NY 10280
Twitter: @ParksAssociates, @BrettsView
As a director of research at Parks Associates, Brett Sappington leads Parks Associates services research team, including access and entertainment services, digital media, OTT, cloud media, video gaming, and technical support services. Brett is an expert in worldwide television and broadband services. His personal research focuses on the activities and trends among operators and the market forces affecting their businesses. Brett is a regular speaker and moderator at international industry events.
Media interviews with Brett Sappington are available. To request a meeting or specific research data, contact Holly Sprague at hsprague@gmail.com or 720-987-6614.
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. http://www.parksassociates.com
Contact Information:
Holly Sprague
Parks Associates
720.987.6614
hsprague@gmail.com