Binge-watching took on a whole new meaning during the first year of the Covid-19 pandemic.
Whether it was Apple TV+’s Ted Lasso or Netflix’s Bridgerton, consumers’ hunger for entertainment in a locked-down world injected rocket fuel into an already exploding streaming video marketplace. Time spent watching streaming services has soared, and in July, streaming video accounted for 28% of viewers’ total television time, according to Nielsen. As of early 2021, nearly half of U.S. broadband households subscribe to at least four streaming services, according to research firm Parks Associates.
Which is why almost every streaming service has seen forecast-busting growth, including Disney+, which has “exceeded our wildest expectations,” as Disney CEO Bob Chapek said in late 2020, and Discovery+, which was “exceeding all [its] early benchmarks” in April, according to…
