Parks: Consumers Spend Seven Hours Weekly Streaming Online Video

It’s an over-the-top video world. Parks Associates July 1 said new data showed the number of hours per week consumers spend watching online video has almost doubled from 3.6 hours per week in 2017 to nearly seven hours per week in 2020. Dallas-based Parks said at the same time traditional pay-TV service has declined from an adoption rate of 75% to 62% in U.S. broadband households between Q1 2017 and Q1 2020, which led a subsequent decline in set-top box adoption.

“Consumer surveys find that 74% of U.S. broadband households subscribe to at least one streaming service, and almost half of domestic broadband households subscribe to two or more services,” contributing analyst Dr. Kenneth Wacks said in a statement.

Wacks said the top three domestic OTT subscription services remain Netflix, Amazon Prime Video, and Hulu. Newcomers Disney+ and Apple TV+ have grown quickly to round out the top five. Additional services of note include CBS All Access, Crackle, Fubo TV, BHO Not, Philo, Pluto TV, and Sling TV.

Parks said the OTT services allow households to access premium video content without a set-top box, forcing a change in the relationship between set-top box makers and cable/satellite operators. Content developers and networks are now streaming content directly to consumers or distributing through OTT service providers. In some cases, multiple-system operators (MSOs) are launching their own streaming devices or creating offerings similar to vMVPDs (virtual multichannel video programming distributors) with the goal of recapturing pay-TV cord-cutters or cord-nevers.

Parks contends the pay-TV set-top can remain viable if able to aggregate the variety of different streaming services coming into the households and present them in a personalized and attractive UI with voice and smart home controls for an improved consumer experience.

“The set-top box does have a role in this market, but it will have to adapt,” Wacks said.

‘Dolittle’ Returns Atop Weekly U.K. Home Entertainment Chart

Universal Pictures Home Entertainment’s Dolittle edged back to the top spot on the U.K.’s weekly Official Film Chart (packaged media/digital) through July 1. The movie entered the chart at No. 1 in June. The Robert Downey Jr. starrer bested Emma. (Universal) by 193 unit sales, bumping Warner Home Video’s Birds of Prey and the Fantabulous Emancipation of One Harley Quinn to the third spot.

Emma. features Anya Taylor-Joy as the eponymous character in this 2020 adaptation of Jane Austen’s comedy of manners.

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Dark Waters (UPHE) is the only new entry on the chart at No. 4 via digital downloads only. Starring Mark Ruffalo, Dark Waters details the real-life case against the chemical manufacturing corporation DuPont after they contaminated a town with unregulated chemicals.

Previous chart topper 1917 (eOne) drops to fifth, and Paramount Pictures’ Sonic the Hedgehog slips a spot to sixth.

The Invisible Man (UPHE) leapfrogged 11 spots to seventh, marking its Top 10 debut. The movie stars Elisabeth Moss, whose character’s abusive ex (who is invisible) supposedly took his own life.  But she suspects his death was a hoax.

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Sony Pictures Home Entertainment’s Jumanji: The Next Level staves off falling out of the Top 10, climbing two spots to eighth. Disney’s Onward drops to ninth, and Frozen II returns to the countdown in 10th.

‘The Hunt’ Tops Redbox Disc Rentals for Third Week

Universal Pictures’ The Hunt remained No. 1 on Redbox’s kiosk disc rental chart the week ended June 28, its third consecutive week in that spot.

For the fourth consecutive week, the top spot on the Redbox On Demand chart, which tracks digital rental transactions, was Warner’s Just Mercy, a civil rights-themed legal drama that the studio is offering for free via VOD during June to support current social justice movements.

Universal Pictures’ The Invisible Man remained No. 2 on Redbox’s kiosk disc rental chart and rose to No. 2 on the On Demand chart. The Hunt remained No. 3 on the digital chart.

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The top new release on the disc rental chart, which tracks DVD and Blu-ray Disc rentals at the company’s more than 40,000 red kiosks, was Universal’s Burden, about a man who tries to leave the Ku Klux Klan and seeks refuge with a black church congregation. It was No. 6 on the On Demand chart.

Top DVD and Blu-ray Disc Rentals, Redbox Kiosks, Week Ended June 28:

  1. The Hunt — Universal
  2. The Invisible Man (2020) — Universal
  3. Bloodshot — Sony Pictures
  4. Bad Boys for Life — Sony Pictures
  5. Sonic the Hedgehog — Paramount
  6. The Call of the Wild — Fox
  7. Impractical Jokers: The Movie — Warner
  8. Jumanji: The Next Level — Sony Pictures
  9. Burden — Universal
  10. Birds of Prey … — Warner

 

Top Digital, Redbox On Demand, Week Ended June 28:

  1. Just Mercy — Warner
  2. The Invisible Man (2020) — Universal
  3. The Hunt — Universal
  4. Jumanji: The Next Level — Sony Pictures
  5. Bad Boys for Life — Sony Pictures
  6. Burden — Universal
  7. Blindspotting — Lionsgate
  8. Brian Banks — Universal
  9. Sonic the Hedgehog — Paramount
  10. Fantasy Island — Sony Pictures

 

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ViacomCBS Names Naveen Chopra New CFO, Replacing Christina Spade

ViacomCBS July 1 announced that Naveen Chopra has been named the new CFO, effective Aug. 10, succeeding Christina Spade, who will transition into an advisory role after the media company’s second quarter earnings call.

Chopra joins ViacomCBS from Amazon, where he served as CFO of Amazon’s devices and services business (i.e. Alexa, Echo, Fire TV, Ring, Kindle and the Amazon Appstore). In his new role, Chopra will be responsible for ViacomCBS’s financial operations, including treasury, tax, accounting, investor relations, information security and real estate, as well as global corporate development and strategy. Chopra will report to Bob Bakish, President and CEO of ViacomCBS.

Naveen CHopra

Bakish said Chopra’s experience “scaling and driving” financial strategies for ViacomCBS’s growth businesses, including ad-supported and subscription streaming video, as well as with digital devices and services — would be instrumental going forward. Chopra held senior executive positions at Pandora and TiVo.

“Naveen is a talented leader who combines financial, strategic and operational expertise with hands-on experience growing innovative, consumer-focused businesses across the media and tech sector, Bakish said in a statement.

Christina Spade

Current CFO Spade departs after 20 years at Showtime Networks and CBS, and played a pivotal role in the integration of CBS and Viacom. In recent months she helped to lead ViacomCBS through the coronavirus pandemic, strengthening the company’s balance sheet to ensure it is well positioned to continue navigating the current economic environment.

Previously, she served for six years as CFO and strategy for Showtime Networks, where she stewarded the implementation of key financial operational and reporting systems and helped scale Showtime’s streaming platform at its launch in July 2015.

“I want to extend my deepest thanks to her for her leadership and counsel, and for helping to ensure a smooth transition,” Bakish said.

Tubi TV Integrates With Fox Media Down Under

Since Fox Corp. acquired Tubi TV earlier this year for $440 million, it has aggressively sought to meld the ad-supported VOD platform with its programing and management.

Tubi July 1 announced it has entered an exclusive ad sales partnership with Australian media company Foxtel Group. As part of this collaboration, Foxtel Media will serve as the sole ad sales representative in Australia for Tubi through 2022.

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Headquartered in San Francisco, Tubi streams movies and TV shows from nearly every major Hollywood studio. The service has more than 200 million monthly views and is available in the U.S., Canada, Australia, and Mexico.

For Foxtel Media, which is owned by Rupert Murdoch’s News Corp., Tubi adds a key free-to-the-viewer ad-supported component to its portfolio of live sports, lifestyle, entertainment content and news. In an advertising world that is increasingly powered by data targeting capabilities, Foxtel Media now straddles the fence marketing between free and subscription-based content distributors.

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“Our collaboration with Foxtel Media delivers an optimally localized relationship and trusted team for advertisers in Australia,” Tubi CEO Farhad Massoudi said in a statement.

Mark Frain, CEO of Foxtel Media, says the technology behind Tubi has enabled the AVOD to rapidly build viewership across Australia and Mexico.

“We have the opportunity to connect brands and advertisers to Tubi’s outstanding proposition in this market,” Frain said.

Tubi is available in Australia on Telstra, Android and iOS mobile devices, Amazon Echo Show, Google Nest Hub Max, and on streaming media devices such as Amazon Fire TV, Vizio TVs, Sony TVs, Samsung TVs, Roku, Apple TV, Chromecast, Android TV, Xbox One, and PlayStation 4, and soon on Chinese Hisense TVs globally.