Your days of tearing apart the couch cushions looking for the remote control may soon be over.
Network TV is in big trouble — according to Nielsen as reported by AdAge, viewership of broadcast TV shows on the big four networks (ABC, CBS, Fox, and NBC) among 18-to-49-year-olds is down 25 percent from last year.
Cord cutting is a big problem for media companies, but it is not the biggest issue, analysts agree. The biggest issue, according to some of them, is the fact that millenials are “sharing“ passwords for access to content. To some analysts, this is not “sharing”, but outright theft, and if password sharing was addressed, the number of subscribers would increase and everyone would be happy again.
PlayStation Now still hasn’t managed to shake its open beta label in the UK, but today it’s moved into what could be its final phase, with Sony adding a new subscription payment option for its game streaming service.
The BBC Trust has defended its right to remain a “universal public service broadcaster” and opposed the potential sale of its commercial arm BBC Worldwide or future ‘top-slicing’ of the licence fee.
Mediaset-backed pay TV unit Mediaset Premium had 1.815 million post-paid subscribers at the end of the third quarter, a quarterly net increase of 112,000, exceeding its original target, according to the Italian broadcaster.
Some 10% of US broadband households are ‘cord cutters’, with 25% of them cancelling their pay TV service in the past year and turning to online video alternatives, according to new research.