According to a new ABI Research survey of online households in the United States, the number of consumers watching video streamed through a browser has doubled over the past year, going from 32% a year ago to 63% today. ABI Research believes this is due to growth in the amount of rich content available in ad-supported format on portals and through social networks, as well as increasing demand from consumers for video in both short- and long-form online.
"Consumers are changing their online habits quickly," says research director Michael Wolf. "Broadband speeds have continued to increase at the same time that Hollywood has decided online distribution is a legitimate monetization opportunity that will increase total return on their video assets, and expand audiences. At the same time, easy to use content creation tools are being put into the hands of consumers and this has effectively created new forms of communication and entertainment.”
All forms of content are contributing to the rise of broadband video consumption, including that of long-form TV shows, and much of the longer-form content today is being watched by younger viewers. When asked if they watched long-form content in the form of TV shows or movies online, nearly half of those under 25, and 53% of those aged 25-29 indicate they do so once a month or more. Older viewers are much more likely to have experimented once with online shows; three quarters of those over 65 who watch video online responded that they have never watched TV shows or movies online.
"Today's younger consumers are developing habits that will mean drastic changes for the video entertainment market," said Wolf. "Many consume a large percentage or even a majority of their video entertainment through online distribution today, and we believe that this trend will continue to accelerate as more efforts are made to put this content on various non-PC screens.”
The new ABI Research Brief "" examines the results of a survey taken in 2Q 2008 of 985 online households, in which ABI Research asked consumers about their preferences in technology usage and entertainment consumption.
Don't Miss Any Stories!
Get daily online video news, tips and trends via email!