Bloomberg's Lucas Shaw joins Matt to discuss the battle for attention in streaming vs. social media. They explore whether streaming services risk losing relevance to apps like TikTok among young audiences. Matt makes a prediction about Season 3 of 'Euphoria' to wrap up the conversation.
Streaming services prioritize user attention over subscriber numbers for ad revenue.
Younger demographics prefer TikTok and YouTube over traditional streaming services, challenging platforms to engage youth with relevant content.
Deep dives
Changing Metrics in the Streaming Wars
The key metric for streamers has shifted from subscriber numbers to time spent on the platform. With increasing competition, services like Netflix and YouTube are vying for user attention, vital for ad revenue. Viewership data reflects YouTube's dominance, even surpassing Netflix, attributed to higher platform time.
Youth Engagement and Content Consumption
Younger demographics show a preference for platforms like TikTok and YouTube over streaming services like Netflix or Disney Plus. The challenge lies in transitioning young viewers to adopt premium services, emphasizing the need for engaging and relevant content for youth across streaming platforms.
Impact of Sports on Engagement
The significance of sports, like football, in driving engagement on platforms is evident. Services like Prime benefit from sports broadcasts, boosting viewership. The potential impact prompts considerations of integrating sports content to enhance user engagement across streaming services.
Content Strategy and Platform Engagement
Apple TV+ faces challenges in retention due to a lack of diverse content libraries, hindering platform engagement beyond key shows. The narrative surrounds the necessity of securing comprehensive libraries through licensing or acquisitions to bolster viewership and platform retention.
Matt is joined by Bloomberg’s Lucas Shaw to discuss the battle for time in the attention economy of streaming and social media. They parse through the latest data on how people spend their time and wonder whether streaming services are in danger of losing relevance with young millennials and Gen Z. They talk about whether legacy studios and streamers are worried about apps like TikTok and how they are working to compete with them. Matt finishes the show with a prediction about Season 3 of 'Euphoria.'
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