Is TV Dying or Are Its Best Years Still Ahead?

We’ve been heralding the death of TV ever since we plugged a 2.8k modem into our phone lines. Sure it meant we couldn’t make a phone call while “online”, but we were living the future. It just required some patience. Or maybe an overnight download. But the possibility of downloading a TV show that had just screened in the US was tantalising – so when modems leapt to a powerful 28.8k rate, it felt like the world had become a fraction of its former size.

As usual, however, the future takes its own sweet time to arrive.

Decades later, we still – as a population – continue to make massive personal investments in ever-larger flatscreen TVs and home theatres, keeping our “second screen” relegated to our laps. But the CONSUMPTION behaviour has changed. We’re not just watching free to air TV. Screen Australia tells us that 50% of internet users from all walks of life are watching movies and TV online.

DYK VOD 5

Based on a variety of Nielsen data from 2014, this infographic by Anthony Calvert reveals some interesting changes in the way that Australians CONSUME content. My favourite insights are:

  • We like our content local – There are 16 Australian YouTube channels with more than 1 million subscribers
  • We watch what our friends watch – While TV advertising and word of mouth rank highly in helping us discover new shows, 36% use social media to learn about new shows
  • We’d watch more with the NBN – No surprises here, but 51% say they’d watch more online content if they had a faster connection (ADSL 2 sure beats 28.8k, but is a far cry from the speeds offered by fibre)
  • We like free, but could and would pay – If Apple has done anything at all, it surely has conditioned us to pay for use.

So … with this shifting behaviour, how do you feel about the future of TV? Is it on its last legs – or are there a few more laps left in the beast?