Streaming Beats Cable As Top TV Service In The US For The First Time

Americans used streaming services more than cable TV for the first time ever in July 2022, according to data from a new monthly study from Nielsen.

The study, which analyzes how audiences consume content across delivery platforms, saw that streaming took the largest share at 34.8%, but only by a very small margin as cable TV followed with 34.4%. Broadcast TV placed third with 21.6%. 

Compared to data from June 2022, broadcast TV usage fell by 3.7%, while cable TV usage dipped by 2%. 

Source: Nielsen

The study saw that Netflix, YouTube, Hulu, and Amazon all increased their monthly viewing shares. Netflix holds on to the lead with 7.7% of the total share. Among the platforms, Disney+ and HBO Max had the smallest share, with 1.8% and 1% respectively.

Newer players like Paramount+, which is now bundled with a Walmart+ subscription, were combined to take up a total of 10.2% of the pie.

HBO Max recently confirmed that it will be removing 36 titles, including 20 originals, from its content lineup. This is part of a series of changes that the platform has been implementing in preparation for its coming merger with the other streaming property of Warner Bros. Discovery, Discovery+.

“As we work toward bringing our content catalogs together under one platform, we will be making changes to the content offering available on both HBO Max and discovery+,” according to HBO Max in a statement. “That will include the removal of some content from both platforms.”


Information for this briefing was found via the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Toronto’s 2027 Condo Time Bomb: Financial Ruin for Pre-Construction Buyers | Mark Morris

Gold Industry Set For A $160 Billion Cash Haul In 2026!? | Terry Lynch – Power Metallic

$3200 Gold & The Miners Still Lagging!? | Cliff Hale-Sanders – Cerrado Gold

Recommended

Golden Cariboo Hits 37.0 Metres of 1.02 g/t Gold At Halo Zone

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Related News

Netflix Lays Off 300 Employees, To Bring Ads To Streaming Platform

Netflix (NASDAQ: NFLX) appears to be struggling as a result of the loss of growth...

Thursday, June 23, 2022, 02:12:00 PM

The Fall of Netflix: The Crackdown on Password Sharing

Remember when Netflix was the cool kid on the block, the one who let you...

Friday, May 5, 2023, 01:30:00 PM

Netflix’s Principal Accounting Officer Resigns After Three Months

After just three months on the job, the principal accounting officer at Netflix is resigning...

Friday, September 23, 2022, 12:21:29 PM

Netflix, TikTok Suspend Services in Russia

Netflix (NASDAQ: NFLX) and TikTok have become the latest tech companies to cut ties with...

Monday, March 7, 2022, 07:01:00 AM

Hulu Content Will Be Added to Disney+ by the End of 2023

The Walt Disney Company (NYSE: DIS) CEO Bob Iger announced on Wednesday that Hulu content...

Friday, May 12, 2023, 06:14:00 AM