Written by: Roshan Dwivedi
According to research from Parks Associates, 61% of millennials subscribe to both pay TV and OTT services, which is also higher than the national average of 52%. Approximately 20% of US broadband households cancelled at least one OTT video service in 2015, with 5% of U.S. broadband households cancelling Netflix in 2015, up from 4% of households reporting in 2Q 2015 that they cancelled the service in the past 12 months.
Additional Parks Associates data showed that nearly 60% of OTT video services in the North American market are subscription-based, with 64% of US broadband households subscribing to an OTT video service, up from 59% in 2015.
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