Over half of homes in the United Kingdom have a Netflix, Amazon Prime or Now TV online video subscription service. A fifth of homes subscribe to two or more of these services. Netflix is the market leader, with 12.35 million homes, or more than two out of five households, an increase of almost a fifth in a year. Almost half of homes in the country with broadband have Netflix.
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Roku is the leading television streaming platform in the United States by hours streamed. Total streaming rose by 68% to over 40 billion hours in 2019. Net revenue was $1.13 billion, with a gross profit of approaching half a billion dollars, although the company made net loss of nearly $60 million in 2019. Roku predicts that pay television households in the United States will fall below 50% by 2024, a number that some might question.
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Virgin Media lost television subscribers in the United Kingdom for the fifth consecutive quarter, ending 2019 with 3.69 million. That was the fewest it has had in 10 years. Parent company Liberty Global has divested many of its other European operations to Vodafone. The group now has just 7.47 million enhanced video subscribers across Europe. Meanwhile, Vodafone has grown to 18.17 million television customers in Europe.
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Voice is the future of video, or at least something to which industry watchers should pay attention. That was one of the takeaways from the DTG FutureTech seminar in London. While some might still feel uncomfortable talking to their television, it may come more naturally to younger viewers.
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The newly merged ViacomCBS is expected to launch a new streaming service, building on CBS All Access and Viacom media assets. The service will compete with other online offerings, including the forthcoming Peacock from NBC Universal, as broadcast and cable networks go direct to consumer. The company is aiming for 25 million online video subscribers by 2022.
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Disney+ gained 28.6 million subscribers in its first 12 weeks from its launch on 11 November 2019. That was before it is available in many countries. One forecast predicts it will pass 50 million subscribers by the end of 2020 and exceed 125 million in 2025.
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