It’s no surprise to anyone that the TV industry is being roiled by huge viewership changes accelerated by the pandemic. Samba TV’s new State of Viewership Quarterly Report for Q3 provides useful insights about the key trends that unfolded in the quarter, following an unprecedented first 6 months of the 2020.
Among Samba TV’s key findings:
Topics: Samba TV
Quibi and Snap appear to be two companies moving in opposite directions in mobile video. Quibi, the high-profile, well-funded startup, has belatedly broadened its scope beyond mobile, enabling its app on Fire TV, Apple TV and Android TV, a recognition that a pure-play mobile video offering from scratch is unsustainable, especially during Covid.
The Information also reported yesterday that Quibi has unsuccessfully shopped its content catalog to NBCU and Facebook and that founder Jeffrey Katzenberg has told people he may have to shut down the company. This follows a WSJ report from late September that Quibi was seeking a buyer for the whole company. Previous reports revealed that initial advertisers were seeking to revamp their deals, due to smaller audiences and lagging app downloads.
Bloomberg reported Friday that Disney has curtailed Hulu’s international expansion because Disney does not want to significantly increase Hulu’s valuation which would trigger a higher eventual payout to minority owner Comcast. Hulu’s valuation in early 2024 will set the payout Disney owes Comcast for its one-third share in Hulu under a deal struck in May, 2019. Comcast’s Hulu stake is worth at least $5.8 billion under the deal.
Bloomberg said that Hulu’s late 2019 proposal to Disney to expand internationally was initially supported, but then in August 2020 Disney switched gears and decided to embrace Star as the international brand for its non-U.S. entertainment service. Disney acquired Star, the India media company, as part of its $71 billion Fox deal. Bloomberg also cited Disney’s concerns about extending Hulu’s losses, Covid’s negative impact on Disney’s various businesses, and its commitment of resources to Disney+’s international expansion as other reasons it decided not to support Hulu’s international expansion.
I’m pleased to present the 534th edition of the VideoNuze podcast, with my weekly partner Colin Dixon of nScreenMedia.
This week Colin and I discuss a number of data points that have hit our radar this week highlighting the growth of online video and live streaming. Among the sources we cite are Limelight, Akamai, FreeWheel, Disney and Ring Digital. Online video continues to supplant traditional TV viewing and this will be on display in ’21 with a series of marquee sporting events that will have huge streaming viewership. Listen in to learn more!
Click here to listen to the podcast (22 minutes, 22 seconds)