Netflix has a total of 183 million subscribers. The closest competitor is Amazon Prime Video which has more than 150 million members, although since this is rolled into its subscription shipping membership, it doesn’t give a clear indicator of how many people use the streaming service. Hulu isn’t doing too shabby with just over 32 million subscribers. China’s dominant streaming service is iQIYI which has over 105 million paid subscribers.
More than two billion logged-in users access YouTube every month. The platform has over 30 million daily users watching over a billion hours of video every day
The music streaming biz hit a huge milestone last year. On November 25, 2019, the number of audio and video-on-demand music streams in the US since the start of the year hit the one trillion mark. By the end of the year, the number of streams reached 1.15 trillion, up from 887 billion in 2018. On-demand audio song streaming accounted for the majority (746 billion) of the 2019 streams, although video represented a large chunk (401 billion).
89% of people across the globe listen to on-demand streams
According to a 2019 IFPI survey, video streams make up 47 percent of global music streaming, while 37 percent is paid audio streaming and 15 percent is free audio streaming. 23 percent of listeners admit to using an illegal stream-ripping service.
According to the Nielsen Total Audience Report, 84 percent of users rank cost as an extremely or very important attribute when selecting a streaming service. This is closely followed by ease of use (81 percent), variety or availability of content (79 percent), streaming and playback quality (77 percent), and speed of menu selection and content loading (74 percent).
Reducing cost is what New Internet Media is exceptionally good at. In fact, we can offer copyright owners up to 45% more royalties 26 million times faster than today.
All without reducing the revenue for the DSPs (Digital Service Providers) and others in the value chain.