Four of the top US streaming services spent a record-smashing total of $11.15 billion on original content in 2021 as each platform vied to draw—and keep—subscribers. Netflix laid out $6.08 billion, more than the other three services combined. Amazon Prime Video grew its spending the fastest, by 105%, in a play for Netflix’s title as the leading subscription video streamer.
Total time spent with media per day in the US will decline slightly in 2022, but most pandemic-era gains will be retained. Digital video, subscription OTTservices, and smartphones will be among the bigger winners this year.
Just three years ago, less than 1 in 3 (32%) US paid video subscribers paid for three or more services, per Nielsen. Now, that figure is 58%. Consumers feeling the pinch from inflation are likely to take a hard look at which services they will stick with. Netflix is set to include advertising.