Linear television has been a staple of entertainment and information for many decades, with millions of people tuning in daily to watch their favorite shows and news programs. However, in recent years, there has been a noticeable change in TV ratings and daily viewing habits across all dayparts.
Prime, in particular, has been impacted significantly by the rise and rapid growth of streaming services like Netflix, Amazon Prime Video, and Disney+, as well as platforms offered by the networks themselves, such as Peacock and Paramount. These platforms offer a vast library of content, including original series and films, and are available to viewers on a subscription basis. With the ability to watch what they want, when they want, viewers no longer have to be tied to a specific time slot to catch their favorite shows.
Gone are the days when Prime would represent anywhere from 20-25% of a stations revenue in a year. Just since 2019, we have seen this percentage decline to 15% on average, and in some cases less than 10%. Due to less of a lead-in from Prime viewership, Late News has also seen a decline in demand. But changes in viewership doesn’t necessarily mean declines across all dayparts. Where we have seen this demand and revenue increase is in Early News and Morning News. Between the top two news dayparts, what used to represent 30-35% of a stations revenue, now represents almost 50% of revenue on average.