This post first originally appeared in Videonuze.
Some good news for the home entertainment industry – depending upon which segment of the industry you’re part of: Consumers spent nearly $18.3 billion in 2016, a 2% increase from 2015.
A new report from British telecom regulator Ofcom says that – for the first time ever – kids are spending more time online than watching television weekly.
The report said five- to 15-year-olds in the past year have increased their Internet time by some 79 minutes to 15 hours a week. Almost all of that time came at the expense of television. Young viewers in the past year spent 72 minutes less time with the television, and now average 13 hours and 36 minutes.
Mobile users in India looking to keep data usage down and still have access to online videos are getting a break from YouTube, which is rolling out a new feature that will allow consumers to download video at night when data rates are cheaper.
The “Smart Offline” feature isn’t currently offered from all mobile operators, but YouTube is making it available to any of them in the country.
“What,” you may be wondering, “is theSkimm?” And, “What are/is they/it going to do with $8M?”
theSkimm self-describes as a “company that makes it easier to be smarter.” You may better recognize the term “blog.” As in, it is one.
theSkimm is targeted at Millennials, and states as its mission to “provide a generation that is turning away from traditional news with a fresh way to stay informed.”
Last week’s NAB was, as always, loaded with new ideas and toys (although drones, I suppose, are getting to be old hat). The South Upper and Lower Halls remains the nexus for new technology relating to all things over-the-top, with a number of new entrants eating up whatever available space remains.
Here are some observations from my time in Las Vegas:
Digital publisher Mashable has gotten its second major infusion of capital in the past year, this time from Turner Broadcasting, which led a $15 million dollar round for the online news site as it continues pushing its efforts to expand its video offerings and break into TV.
Turner Warner Investments last year led a $17 million round for Mashable.
As the importance of originals continues to grow for SVOD players like Netflix and Amazon, other arms of the digital media industry also have begun to dip their toes in the original content pool, including media company Mashable, which this week announced it would work with Bravo Media to develop a slate of new digital series.
The online video boom is still in its early stages in Australia, but streaming video already has begun to cut into the time consumers spend watching broadcast television, while also seeing huge gains in the amount of time video was watched on smartphones and tablets.
The increased availability of quality premium content to stream, along with the growing number of services delivering over-the-top content, is fueling rapid growth in the number of broadband households in the United States that have at least one TV connected to the Internet.