Streaming platforms have become a staple in our daily lives, providing us with endless entertainment options at our fingertips. With the rise of the digital age and the increasing accessibility of the internet, streaming services have witnessed a significant surge in viewership, especially during the global lockdowns imposed due to the COVID-19 pandemic. Platforms like Netflix, Amazon Prime Video, YouTube, and Disney+ have all experienced a substantial increase in their user base, with a rise of approximately 10% in viewership worldwide.

Siddharth Dani

Hatched by Siddharth Dani

Sep 18, 2023

3 min read

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Streaming platforms have become a staple in our daily lives, providing us with endless entertainment options at our fingertips. With the rise of the digital age and the increasing accessibility of the internet, streaming services have witnessed a significant surge in viewership, especially during the global lockdowns imposed due to the COVID-19 pandemic. Platforms like Netflix, Amazon Prime Video, YouTube, and Disney+ have all experienced a substantial increase in their user base, with a rise of approximately 10% in viewership worldwide.

One interesting aspect to note is the distribution of revenue in the OTT (Over-The-Top) market. According to recent data, advertising video-on-demand (AVOD) contributes to 51.58% of the revenue, followed by subscription video-on-demand (SVOD) at 40.16%. Pay-per-view or transactional video-on-demand (TVOD) accounts for 5.1% of the revenue, while video downloads (EST) make up 3.16%. These numbers highlight the various monetization models adopted by streaming platforms to generate revenue and cater to different user preferences.

While there are numerous streaming platforms available, CBS News Streaming Network stands out as a premier 24/7 anchored streaming news service. Launched in November 2014 as CBSN, the CBS News Streaming Network offers news coverage and analysis, making it an invaluable resource for anyone seeking up-to-date information. With its availability in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+, CBSN ensures that its content reaches a wide audience.

The success of streaming platforms can be attributed to various factors. Firstly, the convenience and flexibility offered by these services allow users to watch their favorite shows and movies at their own pace and convenience. Unlike traditional television, streaming platforms eliminate the need to adhere to fixed programming schedules, giving users the freedom to choose what they want to watch and when they want to watch it.

Additionally, the wide array of content available on streaming platforms caters to diverse interests and preferences. From documentaries and original series to movies and live sports events, there is something for everyone. This extensive library of content ensures that users can always find something they enjoy, keeping them engaged and subscribed to the platform.

Furthermore, streaming platforms have revolutionized the way we consume media by leveraging advanced algorithms and personalized recommendations. By analyzing user behavior and preferences, these platforms can suggest content that aligns with individual interests, making the overall viewing experience more enjoyable and tailored to each user. This personalization aspect enhances user engagement and encourages them to explore new content, thereby increasing the platform's viewership.

In conclusion, streaming platforms have become an integral part of our entertainment landscape, offering a wide range of content and convenient viewing options. The surge in viewership during the lockdown period exemplifies their growing popularity and importance in our lives. To make the most out of streaming platforms, here are three actionable pieces of advice:

  1. Explore Different Genres: Don't limit yourself to a specific genre or type of content. Take advantage of the vast library of shows, movies, and documentaries available on streaming platforms. Step out of your comfort zone and discover new genres that you may not have explored before.

  2. Utilize Personalized Recommendations: Embrace the personalized recommendations provided by streaming platforms. By giving these suggestions a chance, you may stumble upon hidden gems that you would have otherwise missed. Let the algorithms do the work for you and expand your viewing horizons.

  3. Stay Informed with News Streaming: Incorporate news streaming into your streaming routine. Platforms like CBS News Streaming Network offer live news coverage and analysis, keeping you informed about current events. Stay updated while enjoying your favorite shows and movies.

Streaming platforms have undoubtedly revolutionized the way we consume media, and their popularity is only expected to grow in the coming years. By understanding the distribution of revenue in the OTT market, appreciating the success of platforms like CBS News Streaming Network, and following the actionable advice mentioned above, you can make the most out of your streaming experience and stay entertained and informed in the digital age.

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