Olympics help increase total TV time in July, Nielsen says
Streaming accounted for more than 40 percent of all TV consumption for the first time since Nielsen began tracking that data.
Netflix ($NFLX) is an international, subscription-based television and movie service based in Los Gatos, California. The company operates a global streaming service with thousands of TV shows and movies, including some originals, as well as a direct-to-home DVD rental service. As of January 2023, the company had over 231 million subscribers worldwide.
Streaming accounted for more than 40 percent of all TV consumption for the first time since Nielsen began tracking that data.
Streaming continued to chip away at traditional TV’s market share in June, according to Nielsen’s latest The Gauge report.
Disney Plus had 19 percent of the new subscriber market in the U.K., with Amazon’s Prime Video coming in second at 14 percent.
Netflix will fully retire its low-cost, commercial-free plan “Basic,” requiring grandfathered-in subscribers to buy the tier with ads or pay more for uninterrupted streaming.
Netflix kicked off the start of tech, media and telecom earnings season for the second quarter (Q2) of 2024 with a revenue report that beat Wall Street expectations.
A consortium of streaming companies have filed a legal challenge to a forthcoming rule that requires them to set aside some of their revenue to help fund Canadian local news and content.
Netflix has started phasing out its cheapest, ad-free plan in some countries where the plan was retired last year.
While entertainment studios are pulling back on original content spending across the board, Netflix and Prime Video continue to be among the biggest buyers of TV shows and movies.
Dish Network is offering free access to Netflix with Ads for two years as part of a customer’s satellite TV subscription.
The latest DASH TV Universe Study shows a strong uptick in the number of people who are shifting their TV viewing to non-TV devices.