COVID-19 (Coronavirus pandemic) News

SeaChange leadership extends salary reduction plan
Jul 6, 2020 – SeaChange (NASDAQ:SEAC) has announced that CEO Yossi Aloni, CTO Marek Kielczewski, CCO Chad Hassler and CFO Michael Prinn have elected to extend the previously disclosed salary reduction plan beyond the initial period.
News categories: SeaChange, Robert Pons, COVID-19, Digital TV, Worldwide

Growth in TV Panel quotes even higher than expected in July
Jul 6, 2020 – According to TrendForce, after the 2Q20 period of sluggishness due to the COVID-19 pandemic, the TV panel market has seen demand rebound quickly, resulting in a higher-than-expected spike in TV panel quotes in July.
News categories: TrendForce, Eric Chiou, COVID-19, Digital TV, Market Research, Smart TV, Worldwide

Comscore finds U.S. VOD transactions peaked in April
Jul 2, 2020 – Research from Comscore (Nasdaq: SCOR) shows a continued year-over-year increase in video on demand transactions in the U.S. However, overall consumption for May 2020 declined compared to the previous month.
News categories: Comscore, COVID-19, Digital TV, Market Research, OTT, USA

Market turbulence to boost UK digital video market
Jul 1, 2020 – According to Futuresource Consulting, 2020 continues to be a volatile year for the UK video and TV entertainment industry, with accelerated adoption across all OTT sectors and a lockdown boom that has played to the strengths of content hungry UK consumers.
News categories: Futuresource Consulting, David Sidebottom, COVID-19, Digital TV, Market Research, UK

Churn rate for U.S. OTT services at 41% in Q1 2020
Jun 29, 2020 – Parks Associates reports the churn rate for U.S. OTT services increased from 35% in Q1 2019 to 41% in Q1 2020. During the COVID-19 crisis, more than two in five US broadband households trialed an OTT service.
News categories: Parks Associates, Steve Nason, COVID-19, Digital TV, Market Research, OTT, USA

Netflix, Hulu user numbers fell as COVID-19 measures were relaxed
Jun 25, 2020 – The surge in users of subscription video-on-demand (SVOD) services during the stay-at-home period was not always sustained once people were allowed to move around more freely, according to Strategy Analytics.
News categories: Strategy Analytics, Michael Goodman, David Mercer, COVID-19, Digital TV, Market Research, OTT, USA

Comscore releases 2020 ‘State of OTT’ report
Jun 24, 2020 – The OTT landscape in 2020 is rapidly changing due to the growth of OTT services, content and devices as well as the effect of the COVID-19 pandemic on consumer behavior, according to Comscore (Nasdaq: SCOR).
News categories: Comscore, COVID-19, Digital TV, Market Research, OTT, USA

Canada's video entertainment spend expected to rebound in 2021
Jun 23, 2020 – Spending on video entertainment in Canada is expected to shrink by 6% this year, but will bounce back strongly in 2021, expanding by 11% to surpass the success of 2019, according to Futuresource Consulting.
News categories: Futuresource Consulting, Tristan Veale, Canada, COVID-19, Digital TV, Market Research

SCTE•ISBE Cable-Tec Expo 2020 to take place virtually
Jun 9, 2020 – SCTE•ISBE Cable-Tec Expo 2020 will take place virtually Oct. 12-16, marking the first all-digital presentation of the largest cable telecommunications and technology event in the Americas since its inception in 1983.
News categories: SCTE•ISBE, Cable-Tec Expo, Tom Adams, Tony Werner, Cable TV, COVID-19, Digital TV, SCTE•ISBE, USA