Many more people are jumping from one streaming subscription to another, a behavior that could have big implications for the entertainment industry.
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Americans are getting increasingly impulsive about hitting the cancellation button on their streaming services. More than 29 million — about a quarter of domestic paying streaming subscribers — have canceled three or more services over the last two years, according to Antenna, a subscription research firm. And the numbers are rising fast.
The data suggests a sharp shift in consumer behavior — far from the cable era, when viewers largely stuck with a single provider, as well as the early days of the so-called streaming wars, when people kept adding services without culling or jumping around.
Among these nomadic subscribers, some are taking advantage of how easy it is, with a monthly contract and simple click of a button, to hopscotch from one service to the next. Indeed, these users can be fickle — a third of them resubscribe to the canceled service within six months, according to Antenna’s research.
“In three years, this went from a very niche behavior to an absolute mainstream part of the market,” said Jonathan Carson, the chief executive of Antenna.
I think Blockbuster became a legend of failed business strategies because it didn’t offer streaming when no one else would. They waited until Netflix grabbed all the momentum for streaming to try their own, sad service.
Tbf Netflix barely managed to accomplish it either, at the start, so it must have been an extremely difficult task. Internet speeds, and more importantly reliability, were huge obstacles, but far more so were the labyrinthine rules and regulations of dealing with the content providers, which are still the top obstacles to people enjoying watching television entertainment today.
This video about it basically launched John Olivier’s career in his at-the-time new show Last Week Tonight. If you don’t want to watch it all, fast-forward to 4:08 and look at that graph, showing how Netflix was taken hostage from the ISPs for a few months until they caved and paid the additional premiums demanded (as he called it, a “mob shakedown”) - though you really may enjoy watching the rest of it after that! (warning to any capitalists that watch it: you might not be by the time you get to the end…:-P)
So… I think I disagree with your language: it wasn’t just that they “didn’t” so much as they simply “couldn’t” manage to get it done, maybe b/c they were not willing to be shitty enough? :-P