Average U.S. Home Streaming Bundle Sweet Spot: $20-$21

With the field of subscription streaming video services growing, new data shows the average U.S. household would spend $20 to $21 monthly for combined platforms — slightly more than 20% of the average pay-TV bundle ($96.18).

Soda.com, in a survey of 1,000 consumers who stream video in the home conducted Nov. 7-9, 2019, found the majority (32%) of respondents would pay $20 or more monthly for combined streaming services, while 30% would prefer not to bundle services and 14% would not pay more than $10 for a bundle.

Notably, 44% of respondents said they use two or more streaming services per week.

With SVOD services ranging from $4.99 for Apple TV+ to $15 for HBO Max, which launches in May, consumers are faced with the challenge of mixing and matching services or prioritizing services based on the user’s favorite content.

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Netflix is projecting 61.2 million domestic subscribers at the end 2019, with actual figures to be released later this month. That’s more than 80% of the combined tally predicted for Hulu (28.5 million), Apple TV+ (10 million), Disney+ (15 million), CBS All Access (8 million), HBO Now (8 million) and ESPN+ (3.5 million), according to CNBC.

In August 2019, there were about 86.5 million traditional pay-TV households — a number that is projected to drop to 73 million by 2023, according to Statista. Most pay-TV subs continue their subscriptions based on habit, premium channels and sports.

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The survey contends Netflix remains the best overall streaming service followed by YouTube TV. Sports fans favored sports-themed fubo TV or ESPN+, whiles families sought Amazon Prime Video (Prime membership and free shipping) and Disney+.

Movie fans chose HBO Now (soon HBO Max) and Hulu, while budget-minded respondents opted for Sling TV and Hoopla.

 

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