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In 2020, Americans will spend an average of $47 a month on streaming services From J.D. Power

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According to foreign media reports, compared with the previous year, the average American family will spend more money on streaming TV services in 2020, which shows that more and more people will give up traditional cable TV and satellite services and switch to cheaper online products. According to a study released last week by J.D. Power, the average American family will spend $47 a month on streaming TV in 2020, up from $34 a month in 2019.

J. D. power said that the increasing choice of streaming services is one of the reasons why Americans are willing to spend more. Several highly anticipated streaming TV services will debut in 2020, including at & T’s HBO Max and Comcast’s peacock. Each service brings its own exclusive content portfolio and poaches programs and movies from established services such as Netflix, Hulu and Amazon Prime.

Nevertheless, Netflix is still the preferred streaming TV service for Americans: according to J.D. Power, 81% of households surveyed will be using the $14 a month streaming service by the end of 2020. But that’s down from 85% seven months ago, when 85% of households said they had a Netflix subscription, according to the survey. Amazon Prime has seen a similar decline, from 66% of households subscribing to the service in April 2020 to 65% in December 2020.

Netflix and Amazon Prime may be down because people are trying other streaming services. From 48% of home subscriptions in April 2020 to 56% at the end of the year, there has been a significant increase in Hu. YouTube TV, Disney +, HBO max, Apple TV, Comcast’s peacock, Starz, ESPN plus, sling TV and at & T TV also increased.

CBS all access and Showtime, which only has streaming media version, remained stable, with home adoption rates of 10% and 9% respectively. So far, the number of users of Disney + has increased from 37% in April 2020 to 47% at the end of the year, with the largest increase. J. D. power said that the popular original drama “the Mandalorians” may have attracted more customers for Disney +.

The survey is based on answers collected from 1745 American adults between December 16 and December 19, 2020. The survey only focuses on streaming TV services, and other forms of digital media, including streaming audio, are not included.

Read more: vocus group NZ: streaming services stifle piracy Market: 47% of UK households subscribe to streaming services Observer: About 8.7 million U.S. Netflix users may switch to Disney + statista: 61% of U.S. young people use online streaming media services as the main way to watch TV Desk: subscription based streaming services may face the risk of “sacrificing” nearly 100 million pounds Amazon’s tablet ranked first J.D. Power:2014 China retail bank customer satisfaction ranking J.D. Power: consumer confidence in EV, autopilot car confidence in the future J.D. Power:2019 year loyalty survey of Subaru brand, Lexus won the championship

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