Providing market intelligence for more than 35 years

Video Services: OTT, Pay TV

Parks Associates: Prime Video has the lowest churn rate of the largest major providers at 8%, while streaming service Discovery+ is nearly at 43%

Research service reports quarterly on churn rates for 89 North American streaming video services

Parks Associates recently announced updates to its Streaming Video Tracker, which now tracks churn data for 89 total services, of which 85 are SVOD services. The Streaming Video Tracker, delivered through an online portal, helps stakeholders understand the vast landscape of OTT video service providers, with insights on business models, new services, global expansion, and growth of individual services. 

Parks Associates’ most recent churn data, from its quarterly consumer survey of 8,000 internet households, shows that Prime Video has the lowest churn rate of the largest major providers at 8%, while streaming service Discovery+ is nearly at 43%.

“Churn is part of the standard business model, but companies are working hard to minimize it and keep consumers engaged longer,” said Eric Sorensen, Director, Streaming Video Tracker, Parks Associates. “Amazon Prime Video has held the lowest churn rate for the last two years because it is included with Prime; however, Netflix continues to creep closer and reduce churn by adding more tiers of service and syndicated content.”

The Streaming Video Tracker delivers monthly market updates analyzing the most important announcements in the streaming market, including significant content changes and industry trends. These all complement the data provided in the portal. Part of the ongoing updates includes strategic insight into how different business models affect NPS and churn rates. For example, the service tracks the bundling strategies for Disney+ and Hulu to determine their impact and if these efforts are reversing recent spikes in subscriber churn from these services.

“Streaming services are navigating a mature market where retention and referrals, as well as partnerships and brand loyalty are critical,” Sorensen said.

The Streaming Video Tracker’s quarterly estimates include an exhaustive analysis of market trends and profiles for more than 300 over-the-top video services in the US and Canada. It also estimates subscribers, viewers, and transactional users for these OTT services, including those that do not publicly release customer figures.

The Streaming Video Tracker subscription service provides the following details: 

  • Reported and estimated number of OTT service users/subscribers
  • Availability by countryService ownership
  • Significant service dates (e.g., launch, closure)
  • Platforms supported
  • Languages supported
  • Target markets
  • Types of available content

To schedule an interview with an analyst or to request specific data, please contact Mindi Sue Sternblitz-Rubenstein at mindi.sue@parksassociates.com or 972-490-1113.

About Parks Associates

Parks Associates, a woman-founded and certified business, is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates provides business intelligence and research services through its proprietary methodologies developed over decades, including quarterly surveys of 10,000 internet households.

The company's expertise crosses many industries: home security and smart home, streaming video, broadband and pay-TV services, digital media and platforms, gaming, Wi-Fi and home networks, connected health, support, consumer electronics, home control systems, energy management, and tech solutions for the multi-dwelling (MDU), small-to-medium business (SMB), and commercial building markets.

Each year, Parks Associates brings thousands of leaders together for its webinars and annual events. The firm hosts the annual executive research and strategy conferences CONNECTIONS™, Connected Health Summit, Smart Energy Summit, Smart Spaces, and Future of Video. https://www.parksassociates.com

Follow Parks Associates on LinkedIn, X/Twitter, Facebook, and Instagram.

More Press Releases

Thursday, Jul 11, 2024

Parks Associates: After a pandemic peak, familiarity with and ownership of EVs have decreased

Six million US Internet households own an EV New research from Parks Associates’ consumer study o...

View More

Tuesday, Jul 09, 2024

Parks Associates announces new Broadband Market Tracker, annual research service tracking 25+ residential ISPs in the US and Canada

Space X’s Starlink service has an estimated US 1.3 million residential subscriptions, creating new m...

View More

Tuesday, Jun 25, 2024

Parks Associates: Average spending on streaming services drops from $90 to $64 per month

Parks Associates presents research at StreamTV Show This week, Parks Associates will share new re...

View More