March 14, 2018
The percentage of consumers renting or purchasing movies from Redbox increased in the fourth quarter 2017 from Q3, according to new data from TiVo.
In a survey of 3,000 respondents, TiVo found that 12.5% of respondents used Redbox in Q4 compared to about 10% in Q3. The percentage trailed only Amazon (17.9%), which was up 3.3% from Q3.
Redbox usage topped iTunes (7.9%), Google Play (7.2%), YouTube Movies (4.8%), Vudu (3.7%), CinemaNow (2.2%), Flixster (1.5%) and other (1.4%).
TiVo found that 37.3% of all respondents purchased from pay- per-rental or TVOD services, an increase of 4.6% from Q3. Another 38.5% with pay-TV service are cord-cheaters (those who have pay-TV service and also use a TVOD service), an increase of 5.8%.
The report found that 34.3% of cord-cheaters use both TVOD and SVOD services in addition to their cable/ satellite service, a category that increased 5.2%.
Specifically, 79.6% of respondents spend money on a TVOD rental monthly, an increase of 3.1% from Q3; up 6.7% from the previous-year period and up 11.2% from two years ago.
More than 32% spends $3 to $8 monthly, while 13.3% spends $9 to $11 per month, and this group increased slightly quarter-0ver-quarter; up 4% y/y and up 5.8% over two years.
Finally, of the 37.3% of respondents who use TVOD services, 79% watch content on a weekly basis, an increase of 8.7% y/y and 11.8% over two years.