A huge number of Millennial Men aren’t watching any TV on any device

Leave a comment

February 28, 2017 by Paul Dughi

 

capture

How big a deal is this cord-cutting thing for TV?  It may depend on who you ask.  The number of people cutting out cable has slowed, but it’s still a growing number.  But when you slice and dice those dropping (cord-cutters) or never subscribing (cord-nevers), this new report shows one demographic that’s cutting at a significant rate.

Millennial men are not subscribing to cable, according to a new study from Videology, and reported in Medialife.  Other studies have shown cord cutters turning to other pay video services, such as Netflix or Hulu.  In this study – with Millennial men – that’s not happening.

“They’ve simply quit watching TV all together.” – Medialife

The study reports that two-thirds of Millennial men don’t expect to pay for cable in the next year.  Roughly 50% have already cut the cord.

Videology also asked where they watch TV shows.  In the chart below, you’ll notice the numbers add up to more than 100% since people watch in various ways.  The big number to note though is that 21% don’t watch any TV on any device.  That’s a scary number for TV industry folks.

millenium-men-tv-viewing-habit

Overall, Cord Cutting is slowing

Nielsen’s latest report shows homes that subscribe to pay-TV (cable or satellite) is down 1.7% from last January.  At the same time, the number of TV households actually grew by 1.7%.

Yes, overall TV viewing is increasing.

2016 was supposed to be the year when people cut cable en masse.  All sorts of companies launched apps and so-called “skinny bundles” to attract people trying to trim their cable bill.  So what happened?  The skinny bundles weren’t all-inclusive and they weren’t all that skinny price-wise.

RELATED:  Cord Cutting and Skinny Bundles:  More hype than hope?

In 2013, just 9% of US residents did not subscribe to pay-TV (cable or satellite) to get television.   By the third quarter of 2016, that number had risen to 15%.

That equates to 17 million broadband-only homes, according to TDG (The Diffusion Group) as reported in MediaPost.  Park Associates shows the trending:  last year, 12% of subscribers downgraded their pay-TV service vs. 6% that upgraded it.

Still, 81% of broadband homes still have some form of pay-TV service.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Contact Me

Previous Posts

Recent Visitors

%d bloggers like this: