Myth or Reality? VAB Probes 15 Video Viewing Fallacies

NEW YORK, Nov. 7, 2019 /PRNewswire/ -- VAB investigates and debunks commonly held video viewing beliefs in its new guide, A Culture of Extremes: Exposing The Myths About Video Viewing Behavior. In the guide, 15 video viewing myths are examined and disproved using credible statistics from verified sources, including those relating to cord cutting; time spent viewing video via linear TV compared to viewing using internet connected devices; younger audience viewing behavior; as well as misconceptions about moviegoers.

A Culture of Extremes equips brand marketers and agency professionals with accurate U.S. video viewing behavior data. The following fallacies are among the 15 examined in the guide.  

MYTH: Everyone is cutting the cord and leaving cable for video substitutes and subscriptions

• The reality is the majority of U.S. households today (82 million) have multichannel video programming distributor (MVPD) subscriptions.
• MVPDs are the leading video distribution access point for consumers, followed by over-the-air-only (18.4 million), over-the-top (OTT)-only (16.4 million) and virtual MVPD delivery (9.3 million).
• In 2020, projections estimate four times more households with MVPD subscriptions (78.8 million) than OTT-only households (18.3 million) and seven times more than virtual MVPD households (10.8 million).

MYTH: Everyone is spending more time on platforms like Facebook and YouTube than ad-supported TV

• According to VAB, in any given minute there are seven times more people 18+ years of age watching ad-supported TV content than are on YouTube and 13 times more than are on Facebook.

MYTH: No one under 35 watches linear TV anymore because they are living on subscription video-on-demand platforms, digital sites and social media

• Fifty percent of video consumption by adults 18-34 years of age is through linear TV (nearly two hours per day), with live TV accounting for 44% of total video viewing in the first quarter of 2019.
• The time adults 18-34 years spent viewing video on internet connected devices and gaming consoles was 20% and 14% respectively.

MYTH: No one goes to the movies anymore because of streaming services

• In the last decade, box office revenue has grown 24%, with 2018 breaking records for domestic box office revenue ($12 billion in ticket sales) and over 1.3 billion admissions.

Qualified marketers receive complimentary access to VAB's content library, including the complete A Culture of Extremes guide when creating an account. 

QUOTE:

Danielle DeLauro, Executive Vice President, VAB: "Often false beliefs perpetuate about video consumption and quickly become distorted, unsubstantiated claims. A Culture of Extremes is designed to foster more fact-based dialogue among brand marketers and their agencies, as well as simplify the complexity in the video advertising industry."

About VAB
VAB is an insights-driven organization that inspires marketers to reimagine their media strategies resulting in smarter, more educated decisions. VAB develops unique market insights and answers questions from a marketer's perspective, tackling the toughest issues with fresh thinking and supporting data. 

SOURCE VAB

Related Links

http://www.thevab.com