If you are a novice to the realm of video streaming and have bumped into the term “À la carte TV” while trying to cope with the visual clutter of the cyberspace amidst a ton of obscurities in the universe of “Over-the-top” (OTT) services and “video-on-demand” (VOD) don’t be dumbfounded because what you are about to read will give you a better understanding of what “À la carte TV” entails
Deciphering what is a la carte TV
À la carte TV as the name suggests enables subscribers to pick and choose TV channels that they want to watch and pay for each of the channels separately in addition to their base OTT service subscription price, or not be mandated to subscribe to a service to pick these channels.
It is a nice feature that subscribers like to have since it gives them the ability to build their personalized subscription with only the extras and premium channels that they choose to have.
We are concentrating on OTT streaming services providing a la carte options with this blog and are not touching upon traditional cable television providers offering pay TV bundled packages with premium channels.
Some popular streaming internet services like Amazon Video, Sling TV and CBS offer viewers this ability to select and pay for individual channels. Sling TV offers consumers the ability to pick their personal channel line-up from genres like sports, comedy, kids, news and more. Amazon offers Prime users to add various channels to streaming packages including channels like Showtime. CBS offers live streaming service called CBS All Access which offers live channels or watching on demand shows the day after they are aired.
Why it makes sense to offer a la carte TV?
In U.S and Canada according to TiVo’s survey, a majority of consumers are no longer interested in huge pay TV packages that include channels they don’t want to watch.
According to the latest TiVo study, 77.3% want an À la carte TV service – meaning, they would like to pay only for the channels they actually watch. So they are not willing to pay additionally for the so-called “skinny” bundle. The average price that a U.S consumer will pay for access to top 20 channels is $28.31 which is a drop by 14% over the past two-quarters.
The average price that consumers in Canada pay is $25.56, a decline by 20.1% over the past two-quarters.
Majority of respondents in the study (84.4%) still had pay TV service, however, the number of those who had cut the cord (21.8%) grew by 4.4% as per TiVo’s report.
Based on the above survey statistics it’s quite clear that a la carte TV is a trend that is catching up across leading streaming service providers and is a strategy that platform owners/streaming services can adopt to get consumers hooked on to OTT streaming service subscriptions that offer a la carte TV.
If you are looking to start your own video streaming service then it’s important that you price the “À la carte TV” options correctly, so as to avoid losing consumers who are smart to opt out of it if they know that it’s expensive for them when added together with their base subscription.
À la carte television lets subscribers pick-and-pay for individual television channels. It is different from bundling in which channels are put together as packages. Going by this trend of content providers collaborating with streaming service providers to offer TV channels and considering that more and more streaming services are offering à la carte TV where users can pick and choose the content they want to watch, more people are expected to cut the cord and back away from traditional TV services.
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So once you have setup your TV channel feeds with Muvi’s platform, you can choose to monetize them on different monetization options such as offering them under a Subscription Bundle or individually selling them on a la carte basis using pay per view (PPV) or transactional video on demand (TVOD) options.
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