“There is a misperception that the explosion in screens has created siloed TV viewing, with families watching from different devices and rooms,” said Vikrant Mathur, Co-Founder, Future Today. “In reality, parents with younger children, in particular, are co-viewing more than ever. Co-viewing experiences help these families connect, while also allowing parents to more closely monitor media consumption for their children.”
Co-viewing refers to members of the same household watching television at the same time, together. Future Today’s study polled hundreds of US parents with children ages 3-12, and whose families regularly stream family-friendly content.
“Our findings indicate that co-viewing is growing in prevalence on streaming TV, as the purposeful viewing experience with choice and control lends itself to that activity,” added Mathur. “Families can make decisions together about what and when to view.”
Key findings from Future Today’s study include:
Streaming Co-viewing is Surging
Co-viewing of family-friendly streaming content has increased substantially amid COVID-19 and will continue to rise in the immediate term. Ninety-four percent of parents said that they have been co-viewing more family-friendly streaming content in the last 12 months.
“For many, COVID-19 limited activities with friends and ultimately accelerated family co-viewing,” added Mathur. “Whether for entertainment or education, parents found themselves watching more programs with their children but co-viewing goes beyond the pandemic.”
When asked how their co-viewing habits might change in the future, especially as COVID-19 restrictions continue to lift, respondents said co-viewing is here to stay. Eighty-six percent reported that they plan to watch more content together with their families, debunking the common perception that co-viewing was a pandemic-only phenomenon. [/ohio_text]
The growth in co-viewing streaming also presents an opportunity to CTV and OTT advertisers. In the US, ad-supported video-on-demand (AVOD) viewership is expected to include nearly 60% of all OTT users by the end of 2022. As programming is increasingly ad-supported, including family programming, brands can maximize reach and engagement through “co-viewers.”
“With co-viewing of streaming content more prominent, CTV and OTT can dramatically enhance campaign value for marketers, helping them reach the entire home on the largest screen,” added Mathur.
In Future Today’s study, they found that co-viewing boosts ad engagement, with 93% of parents saying they are “engaged” when presented with an ad for adults while co-viewing. Further, 88% of parents reported their children as being “engaged” while co-viewing adult-focused ads.[/ohio_text]
Restaurants Most Preferred Ad Category
When parents were asked which advertising category families are comfortable co-viewing, restaurants led the pack, with 66%, followed by travel (63%), retail (62%), electronics (58%), and food (57%). [/ohio_text]
Future Today commissioned The Insights Family to conduct the research, which polled over 300 parents.
Future Today is a multi-channel streaming AVOD leader. Future Today’s portfolio of AVOD apps include Filmrise, the world’s largest independent free streaming network, with over 40,000 licensed and originally produced scripted and unscripted feature films and TV episodes; Fawesome, a network with more than 10,000 movies and shows; and HappyKids, the #1 AVOD kids and family-themed channel on OTT that delivers more than 60,000 movies, TV shows and videos from Lego, Mattel, Moonbug, and more; and iFood.tv, a tantalizing collection of over 50,000 cooking shows and video recipes for everyday cooking that every foodie will devour.
To learn more about Future Today, email firstname.lastname@example.org[/ohio_text]
Future Today is a leader in the ad-supported streaming media universe with its flagship channels – Fawesome, HappyKids and iFood.tv – ranking in the top free channels across nearly every OTT consumer platform. The company’s proprietary, cloud-based technology platform manages OTT services for hundreds of content owners, producers, distributors and major media companies helping them launch and monetize complex Connected TV channels across devices in a matter of days. Future Today’s comprehensive portfolio of technology and services includes video management, content management and publishing, app development and maintenance, cross-channel promotion, advertising, monetization and more. Learn more about Future Today here. [/ohio_text]