Brightcove Inc. (BCOV) - Get Brightcove Inc. Report, the world's leading video technology platform, today published the Brightcove Q2 2020 Global Video Index Entertainment and Media Edition, which found that OTT streaming of entertainment content continued to dominate, even as governments began loosening stay-at-home restrictions. The data suggests that consumers' media consumption habits may be permanently shifting away from linear TV, cementing streaming as the go-to choice for entertainment viewing.
Brightcove's Q2 2020 Global Video Index analyzes hundreds of billions of recent data points from Brightcove's customers globally to provide insights into how viewers are watching video content. The Q2 data shows that consumption of news and entertainment content nearly doubled (40%) from Q1 (23%) - a significant finding considering Q2 typically sees slower growth in video viewing compared to Q1. Looking at the first half of 2020 compared to 2019, the number of views overall is up more than 30%.
"The streaming industry is exploding faster than we've ever seen before. While much can be attributed to COVID-19 keeping people indoors, stay-at-home orders do not account for the entirety of recent growth," said Jim O'Neill, Principal Analyst and Author of Brightcove's Global Video Index. "There has been significant growth within the video industry, leading to more video content streaming as a whole; OTT services like Netflix added nearly 26 million viewers and Disney+ topped 54.5 million subscribers in Q2."
Where consumers choose to view their content is also shifting. Connected TV's (CTVs) saw the most growth in Q2 (160% year-over-year), indicating a resurgence in larger screens as the viewing medium of choice for entertainment.
Other notable findings from the Brightcove Q2 2020 Global Video Index that are specific to North America include:
- Consumption peaked right before states began reopening.Video views were up year-over-year with April seeing the biggest increase in consumption (103%).
- Every type of device saw a surge in use.CTVs, smartphones, tablets, and computers saw gains exceeding 80% in April. May saw an increase of 39% and June was up 53%.
- CTV viewing had the strongest gains. CTV views jumped 428% in the first half of the year compared to a year ago. Viewers watch content four times as long on CTVs than on smartphones, followed by tablets (200%), and computers (30%).
- Mobile video views saw significant growth.The pandemic increased smartphone video starts by 37%.
"2020 has become video's evolutionary moment, and streaming entertainment video content is one area where we will continue to see growth," said Jeff Ray, Brightcove CEO. "The crisis has impacted people at an emotional and financial level, making the need for human connection through video content more crucial than ever. We're seeing this play out with the rise of streaming services subscriptions, indicating that the future of entertainment consumption lies in connected and mobile devices - linear television could soon be of the past."
To download the complete Brightcove Q2 2020 Global Video Index Entertainment and Media Edition inclusive of all data , visit: https://www.brightcove.com/en/video-index
To learn more about this quarter's findings, tune into an exclusive webinar with Jim O'Neill on September 15th. To register, visit: https://get.brightcove.com/global-video-index-2020-q2/
About the Global Video Index
Brightcove's Global Video Index assesses more than 400 billion anonymized data points from Brightcove's thousands of customers each quarter, drawing industry insights that can help guide strategic and tactical decisions for businesses of all sizes.
We are the people behind the world's leading video technology platform. With our award-winning technology and services, we help organizations in more than 70 countries meet business challenges and create strategic opportunities by inspiring, entertaining, and engaging their audiences through video.
Since Brightcove was established in 2004, we have consistently pushed boundaries to create a platform for people who are serious about video: one that is robust, scalable, and intuitive. Benefiting from a global infrastructure, unrivalled customer support, an extensive partner ecosystem, and relentless investment in R&D, Brightcove video sets the standard for professional grade video management, distribution, and monetization. To learn more, visit www.brightcove.com.
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