Video On Demand Orders Grow 21% Year To Year
via press release:
The ‘Rentrak State Of VOD: Trend Report 2008’
– Rentrak, the Leader in On Demand Measurement, Releases the ‘State Of VOD: Trend Report 2008,’ Providing Exclusive Insight on the Year’s On Demand Trends, Consumer Behavior and More –
PORTLAND, Ore., June 15 /PRNewswire-FirstCall/ — Rentrak Corporation (NASDAQ:RENT) , a multi-screen media measurement and research company serving the entertainment industry, today announced the “Rentrak State Of VOD: Trend Report 2008” is now available for purchase. The 25-page report encompasses data from January 2007 through December 2008, and is based on an aggregation of data from Rentrak’s OnDemand Essentials service, which has processed more than 17 billion on demand transactions to date from the company’s operator partners.
On demand continues to gain popularity with consumers who enjoy the instant availability of VOD and as operators and programmers increase the quantity of titles available. According to Magna Global, 37% of TV households had access to on demand programming at the end of 2008. The “Rentrak State Of VOD: Trend Report 2008” analyzes trends in Free On Demand (FOD), Subscription On Demand (SVOD), Transactional On Demand (TOD), HD VOD and Adult Transactional On Demand performance, and for the first time, includes both benchmarks and decay curves for the top five FOD categories of content: Kids, Music, TV Entertainment, Free Movies and Cutting Edge.
Rentrak “State of VOD Report” Highlights:
— When comparing system to system growth, the on demand platform overall has continued to experience double digit increases in usage year over year (+21% in orders)
— On average, consumers who use VOD order 17.81 VOD assets per month
— In 2008, FOD accounted for 74% of all non-adult orders, while SVOD accounted for 23% and TOD accounted for 3%
— In a given month, around 13% of all VOD-enabled set-top boxes purchased TOD content
“Rentrak’s status as a leading media measurement and research firm makes us uniquely qualified to contribute important industry insights from the data we are tracking,” said Kristie Fortner, vice president of Syndication at Rentrak. “As awareness and access to VOD continues to grow steadily, and the popularity of the platform increases, we are proud to provide our subscribers with instant availability of the vital information needed to track on demand content, trends, consumer behavior and more.”
The need for aggregated data to help support advertising initiatives is greater than ever before and OnDemand Essentials provides operators, content providers (broadcast/cable networks, studios) and advertisers with a transactional tracking and reporting system to view and analyze on demand content accurately.