Ahead of the upcoming Future of Video conference in LA next week, Parks Associates released its updated list of the top 10 US OTT video services, based on estimated number of subscribers through October 2019.
Unsurprisingly, Netflix remains the leading streaming platform of the United States, with Amazon Prime Video, Hulu and HBO Now following its steps, according to Parks Associates’ recently released list of the top 10 US subscription over-the-top (OTT) video services, which is based on estimated number of subscribers through October 2019, prior to the launch of Disney+ and Apple TV+, and includes paid subscriptions.
CBS All Access made the biggest move from 2018 to 2019, jumping from eighth place to fifth this year. MLB.TV dropped from sixth to eight place, despite having gained subscribers since 2018. Sling TV has stayed in the top ten with more than 2.5 million subscribers, retaining its position as the top vMVPD service in the US. Other services include Hulu + Live TV, YouTube TV, and AT&T Now (previously Directv Now).
"Competition in live streaming services is intensifying as several big brand names are competing for a small but growing slice of the OTT subscription base," said Brett Sappington, Senior Research Director and Principal Analyst at Parks Associates. "Consumers continue to sign up for multiple OTT video services. If this trend holds, many services can continue to grow as the market grows. However, a slowdown will suggest that consumers are finally drawing the line on the amount they will spend each month," he added.
Parks Associates will explore new strategies in OTT, pay TV, and video services at Future of Video: OTT, Pay TV, and Digital Media, December 9-11 in Marina del Rey, California. The conference features keynotes from AT&T, Pluto TV, Verizon, and Viacom, with sessions presenting in-depth consumer research and industry insight on OTT services, the value of content, and best strategies for building successful video services for today's connected consumers, including the impact of new entrants such as Disney+.
"The Walt Disney Company announced it had reached 10 million subscribers upon initial launch, which would put its Disney+ service fourth on the list, ahead of HBO Now," Sappington commented. "Their entry, along with Apple TV+ and other direct-to-consumer services upcoming in 2020, has been a major disruptor to the OTT space and will require all players from top to bottom to ensure they are delivering unique value to their subscribers in order to retain their base".
Consumers continue to sign up for multiple OTT video services. If this trend holds, many services can continue to grow as the market grows” Brett Sappington Senior Research Director and Principal Analyst at Parks Associates