TV viewing among 18-24s to decline by 5-15% - Deloitte's TMT 2018 Predictions report

 

 

Traditional TV viewing among 18-24 year-olds will decline by 5% – 15% per year in the US, Canada and the UK in both 2018 and 2019, according to Deloitte’s latest TMT Predictions report.

 

The Technology, Media and Telecommunications study said that in each market this rate of decline be similar to that seen in the past seven years and predicted that TV viewing will continue to fall in this range through to 2023.

“The decline is neither exacerbating nor improving; there is no tipping point, and viewing is not collapsing,” according to Deloitte, which expects 18-24 year-olds in all three markets to watch at least 80 to 120 minutes of TV per day in 2018, varying by season.

The report said that in the past five years millennials, particularly younger millennials aged 18-24, have been “lured” by smartphones, computers, social media, video piracy, shortform services like YouTube and SVOD services like Netflix.

However in the US, Canada and the UK it claims these distractions are “reaching saturation” and are showing flatting annual growth in penetration and use.

In light of this it predicted that by as early as 2018, but very likely by 2020, the erosion of TV minutes may slow, even if it does not stop altogether.

Deloitte defines ‘TV viewing’ in the US and Canada as live and time-shifted viewing of TV content on TV sets, connected TV devices, computers, smartphones and tablets.

In the UK categorised it as programs viewed on a TV set, either live or time-shifted by no more than eight days, disregarding viewing on other devices.

In all three markets ‘TV viewing’ excluded SVOD services such as Netflix, online video content like YouTube or pirated content – regardless of whether these were watched on TV sets.

Elsewhere in the study, Deloitte predicted that live events will generate US$545 billion in direct revenue in 2018, up 1% year-on-year, spanning exhibitions and concerts, exhibitions and conferences and sporting events.

TV and radio is expected to generate 72% of these revenues, with TV advertising contributing US$188 billion and pay TV revenue US$170 billion.

“Almost all revenue from live events is being generated by traditional formats, but new genres, primarily live streaming and eSports, are enjoying surging revenue, albeit from a low base,” according to the report.

“We forecast a 46% rise in revenues for new formats to US$8.4 billion in 2018, equivalent to 1.5% of all live revenue.”

Other Deloitte findings indicated an increasing willingness for people to pay for digital content, which it said will continue to accelerate in 2018 and beyond.

 

full article  : DIGITAL TV Europe 

 

 

 

 

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