Antenna Data on the Bundle’s Power, Annual Plans and More
Jun 21, 2024
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Exploring Antenna's data on streaming bundles, annual subscriptions, price increases, and ad-tiers' rising popularity. Delving into the decline of pay TV subscribers, Netflix's experiential marketing strategy, and the impact of annual SVOD plans and bundling strategies on subscriber acquisition. The discussion also covers the growth of ad-supported subscriptions in the streaming industry despite price hikes.
Annual subscriptions struggle due to lack of engagement, while streaming bundles show power in converting viewers to subscribers.
Antenna data highlights the rise of ad-tiers and acceptance of price increases in the streaming industry.
Deep dives
Pay TV Industry Decline
The Moffitt Nathanson data highlights a 12.3% decline in pay TV subscribers, marking the worst quarter ever for the industry. Even YouTube TV experienced a loss of 150,000 subscribers despite being a driving force in the virtual MVPD market. This decline is in stark contrast to the growth seen previously, influenced partly by the cancellation of services like YouTube Sunday Ticket which provides NFL content.
Netflix's Strategic Expansion with Netflix House
Netflix's plans to open massive entertainment and dining facilities outside Philadelphia and in Dallas signify a shift towards in-person experiences. These 'Netflix houses' aim to promote shows, enhance marketing, and potentially drive subscriptions. Despite potential profitability concerns, these physical spaces align with Netflix's brand strategy and may attract fans, reinforcing its market position.
Antenna Data: Insights on Annual Subscriptions and Bundling
Antenna's report delves into the challenges faced by annual SVOD plans, with only 4% of subscriptions opting for yearly commitments. The study contrasts promotional pricing impacts, revealing that additional discounts can significantly boost subscriber numbers, showcasing the delicate balance between discounts and subscriber retention. Furthermore, the growing popularity of bundled services aids in converting curious viewers to committed subscribers, contributing to increased customer lifetime value and potentially reducing churn rates.
New Antenna data reveals the power of streaming bundles, that annual subscriptions fail to engage, the acceptance of price increases, and ad-tiers’ ascendency.
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