Sunday, January 05, 2025

Cutting the Cord Again?

The average American spent $42.38 per month on streaming-based subscriptions in 2024. That works out to just over $500 per year - or around $30,000 over a lifetime - but is actually less than the previous year by a significant margin.

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Thanks for the shout out for LEGAL AF podcast by The Hollywood Reporter co-editor in chief @shirleyhalperin.bsky.social in your article about cutting the cord and getting news and analysis from YouTube. www.hollywoodreporter.com/business/dig ...

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-- POPOK (@mspopok.bsky.social) December 22, 2024 at 12:41 PM

Comments

More from the article...

... Streaming services are a way of life for millions seeking their entertainment fix. The sheer number of services available to choose from makes it easy to keep up with current shows or rewatch your favorites on your own time, but too much of a good thing can sometimes backfire as some are finding out.

Of those surveyed, 27.8 percent said they are experiencing streaming fatigue - or the feeling of being overwhelmed by the growing number of streaming apps on the market. And with the cost of goods and services at an all-time high, it's hitting folks in the wallet as well. ...


#1 | Posted by LampLighter at 2025-01-05 12:06 AM

The streaming services seem to be suffering the usual marketing vs accounting conundrum ...

Marketing: we need to keep the price low to attract more customers.

Accounting: We need to talk about profits for our shareholders.

So, now that it seem that marketing's ~streaming~ plan (I am reluctant to call it a strategy at this point) has garnered a major shift in viewing habits, the accounting departments of those streaming companies now seem to want to generate a profit.

The solution: raise prices!

#2 | Posted by LampLighter at 2025-01-05 12:12 AM

We've cut and shared several services with family members lately. They keep adding commercials and trying to turn it back into basic cable. What was initially attractive is slowly going away so we have to find new and creative ways to avoid the stupid ads they want to shove in your face nonstop.

#3 | Posted by THEBULL at 2025-01-06 02:10 PM

@#3 ... What was initially attractive is slowly going away ...

That seemed to be the business model for the streaming services as they initially tried to attract customers away from "linear" TV and towards streaming. Once those customers became streaming customers, the extraction of money from those streaming customers began.

#4 | Posted by LampLighter at 2025-01-06 05:59 PM

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