Cable subscribers buying more VOD services than cord cutters, study finds

Streaming
Cable subscribers are more often supplementing their service with VODs. (Thought Catalog/Unsplash)

Conventional wisdom regarding the shift away from traditional TV toward streaming services suggests cord cutters are driving the change. But a new study suggests cable subscribers are ahead of the curve.

Limelight Networks’ new State of Online Video report found that cable subscribers are paying for more video on demand services than cord cutters. About 59% of cable subscribers said they pay for a least one VOD service, and cable subscribers pay for 1.2 services on average, compared to a 0.7 average for cord cutters.

The study also seemingly confirmed some other conventional wisdom. Respondents age 18-35 currently watch more online video than broadcast and young millennials (age 18-25) watch an average of nine hours, 13 minutes of online video weekly compared to six hours, 11 minutes of traditional TV, according to the study.

FREE DAILY NEWSLETTER

Like this story? Subscribe to FierceVideo!

The Video industry is an ever-changing world where big ideas come along daily. Cable, Media and Entertainment, Telco, and Tech companies rely on FierceVideo for the latest news, trends, and analysis on video creation and distribution, OTT delivery technologies, content licensing, and advertising strategies. Sign up today to get news and updates delivered to your inbox and read on the go.

RELATED: A lot of people have no intention of cutting the cord, study shows

In addition to looking at VOD trends, Limelight’s study also looking into consumer attitudes toward livestreaming. The company found that 60% of global consumers said they’d be more likely to watch live sports online if they were guaranteed not to experience viewing delays. Rebuffering was the primary area of contention for viewers, with 66% reporting they will stop watching a video after two rebuffers.

“As consumer adoption of online video has increased, patience for video interruptions is at an all-time low,” said Michael Milligan, Senior Director at Limelight Networks, in a statement. “Missed moments spoil live online viewing experiences, which means that providers must ensure low latency to lure viewers away from traditional TV. Limelight Realtime Streaming solves this problem by enabling organizations to stream live video in less than a second, providing online viewers with the same experience enjoyed by broadcast viewers.”