Tuesday, 3 July 2018

More than 85% of US adults born since 1982 subscribe to a paid streaming service

"New video research from Parks Associatesfinds more than 85% of millennials in U.S. broadband households subscribe to at least one OTT video service. This research comes from Parks Associates’ OTT Video Market Tracker, which includes an exhaustive analysis of market trends and profiles of OTT video service providers in the U.S. and Canada, such as Netflix, HBO, YouTube, and Amazon. The Tracker features a new way to blend company profiles with industry research data and analysis of competing players’ strengths and weaknesses in the space.
“Overall penetration of subscription OTT video services among millennials has topped out, suggesting that those households that want such a subscription already have one or more. The more interesting and important question is how many subscriptions they will keep,” said Brett Sappington, Senior Director of Research, Parks Associates. “More than one-fourth of millennials subscribe to three or more OTT services, and more than 50% subscribe to at least two.”"

96% of American households have a TV, 87% have a smartphone

"Smartphones continue their meteoric popularity and are now owned in 87 percent of U.S. homes, second only to televisions at 96 percent ownership, according to new Consumer Technology Association (CTA) research. CTA’s 20th Consumer Technology Ownership and Market Potential Study also shows that for the first time, the top three most-frequently owned tech products are now screen devices, as laptops – trailing only TVs and smartphones – reached their highest ownership level ever at 72 percent.
Among new, emerging tech categories, smart speakers including the Amazon Echo and Google Home have nearly tripled in ownership rate to reach 22 percent of American households, making it one of the fastest-adopted technologies since tablets. Smartwatch adoption continues to grow, with 18 percent of U.S. households now owning at least one of the devices – an increase of six percentage points over last year. Additionally, ownership rates of drones and virtual reality (VR) headsets were measured at ten and 11 percent of households, respectively.
Consumers Remain Focused on The Big Screen
Next-gen screen technologies and the availability of larger screen sizes drove more U.S. consumers to buy technology in and around the TV. 4K Ultra High Definition televisions experienced the largest growth in household ownership rate, rising 15 percentage points year-over-year to reach 31 percent households ownership, and one in five (19 percent) households owns a TV with a screen size of 60 inches or bigger. Ownership of digital media streaming devices rose nine percentage points since last year to 45 percent of households."
Source:  Press release from the Consumer Technology Association, 25th June 2018

Facebook referrals to Slate have fallen by over 85% since January 2017

Source:  Data from Parsely, reported by Slate, 27th June 2018

300 ATMs are closing in the UK each month

"Doubt has been cast over the future of cashpoints in the UK as it was revealed that 300 ATMs are closing every month.
Consumer champion Which? analysed data from ATM network manager Link to find that 1,500 ATMs had closed between November 2017 and April 2018 - which represents a six fold increase from 2015.
The closures also ramped up after Link announced changes to fees that ATM operators can charge banks to use cash machines.
Link is introducing a phased 20 per cent reduction over four years to the so-called interchange charge, with the first 1p cut down to 24p per withdrawal set to come in on Sunday. Though this seems like a small amount, operators claim the rise will lead to some machines being financially unviable to run.
The firm which oversees cash machines argues the changes will provide an incentive for operators to put more machines in rural and less affluent area to keep the network sustainable.
But the ATM Industry Association told Which? the move had triggered the network on a "path to disaster" and had simply led to the number of cash machines decreasing."