MUMBAI: The current Covid2019 pandemic and the nationwide lockdown has not just stalled industries and economic activity but has also contributed to the ongoing change in behavioural patterns in people, including that of digital consumption. The restrictions on social interaction imposed by the government in response to the pandemic had already led to an increase in video viewership on OTT platforms. The lockdown led to more people inadvertently realising the convenience of OTT, which has shifted the way content is consumed on a day-to-day basis.

With Unlock 2.0, production studios are coming back to a new way of shooting; thus ensuring consumers get their daily dose of entertainment. With regional language channels launching new shows which are being shot in smaller towns to new episodes of old shows, viewership is growing week on week. ZEE5, India’s No.1 Contech platform, has observed a phenomenal spike in viewership as consumers consume more content on the platform, with the new Unlock!

Viewers bounce back:

As TV shows gear up to launch new episodes from 13 July, ZEE5 has observed a +52 per cent Week on-Week growth in video views across majority of languages. Shows such as, Rahichi Rahibi Tori Pain, Pavitra Rishta, Vedh Bhavishyaacha, Ninne Palladhata and many shows across Hindi, Oriya, Marathi, Kannada etc have observed a massive jump in video views. 

With the increase in demand for digital content, more and more households have invested in Connected TV (CTV) devices like Apple TV, Amazon Firestick and Smart TVs. These devices provide regular televisions with internet access to stream video content on OTT platforms. 

The Rise of Cord Cutting and Cord Shaving

Cord cutters are viewers who have cancelled paid multichannel subscription services like cable or satellite television. Cord shavers are viewers who have downgraded their TV packages, replacing those reduced services with on-demand video streaming services.

In a survey carried out by Eros Now and KPMG in September 2019, involved 1458 OTT users from 10 cities in India, revealed that 10 per cent of respondents prefer watching original content online. The report also revealed that OTT video could usher in cord cutting sooner than expected. While 38 percent of the respondents could consider cord cutting in the future, 14 percent of the respondents considered subscribing to OTT platforms as an alternative to TV subscriptions. 

As more and more consumers decide to reduce or cancel their TV subscriptions to consume content on OTT, this has led to a rise in cord cutting and cord shaving. 

The lockdown has driven this behavioural change into permanency and now manifests itself in viewers consuming old and new TV content again across all apps.

With three out of ten respondents viewing online video on telco platforms, also proved the importance of Telco platforms for the distribution of online video content. A recent study by YouGov (Feb 2020) suggested, that 42 per cent people spend time watching catchup content on OTT platforms while only 18 per cent prefer watching TV. The same report also mentioned that 72 per cent urban Indians prefer video on demand as compared to cable TV.

A large part of the TV viewing audience has migrated towards consuming content on digital-only platforms like OTT. The above table shows 10 shows which are produced for TV and are also available on ZEE5. Majority people have watched the episode on ZEE5 as compared to TV. This rise in viewing content online has opened new doors for advertisers. As more and more people move towards ZEE5, advertisers can use this opportunity to reach more people by leveraging ZEE5 content to increase their market presence. 

Opportunity for Advertisers

As consumers adapt to the new way of living, they will likely continue to stream OTT content for the majority of their at-home entertainment. Hence OTT is becoming mainstream for most advertisers as the platforms are brand safe, have higher ad completion rates and cost per effective reach for the brand. As viewership increases, ZEE5 is the destination for brands to advertise which provides incremental and targeted reach through transparency in measurability.  

ZEE5, Contech leader in this space, provides unique targeting through one on one targeting, lifestyle-based cohort segmentation and a powerful suite of Ads format to engage audience depending on business objective across an entire device ecosystem.

Learn more about OTT advertising and how this strategy could be implemented for your business by getting in touch with ZEE5 Ads.