“The results clearly point to the importance of SVOD exclusives.”
Boston, MA (PRWEB)
July 17, 2017
Hub’s annual “Decoding the Default” study demonstrates how strongly consumers have embraced the SVOD viewing model.
66% of viewers in the study subscribe to at least one of the “Big 3” SVOD services (Netflix, Amazon or Hulu), up from 62% in 2016
- Having multiple SVOD subscriptions is quickly becoming the norm: 38% subscribe to 2 or more of the Big 3, up 12 points (26%) from last year
- 14% subscribe to all three SVODs, more than double the number in 2016 (6%)
Netflix whetted consumers’ SVOD appetite
Among those with multiple SVODs, the great majority (75%) say that Netflix was the first SVOD they subscribed to. And Netflix remains at the center of viewers’ SVOD universe, at least for now:
- Only 6% of consumers have an Amazon or Hulu subscription without a Netflix subscription
- The remaining 62% either subscribe to Netflix alone, or subscribe to Netflix with at least one of the others
What drives subscription to multiple SVODs? Access to exclusive content
The results clearly point to the importance of SVOD exclusives in consumers’ subscription decisions. For example, for the majority of consumers whose first SVOD was Netflix, the top reasons for adding either Hulu or Amazon were the following:
- Top reasons for adding Hulu to Netflix: To watch specific shows not available on Netflix (54%) and for greater selection of shows and movies generally (45%)
- Top reasons for adding Amazon to Netflix: For greater selection (33%), for Amazon originals (33%), and for access to movies not on Netflix (31%).
“If anyone needed hard evidence that SVODs’ investment in exclusive distribution deals is paying off, this research provides it,” said Peter…