|By Marketwired .||
|June 11, 2014 03:00 AM EDT||
DALLAS, TX -- (Marketwired) -- 06/11/14 -- Parks Associates announced today CEO Tricia Parks will chair the session "Technology that will Shape the Pay TV Connected Home" on Thursday, June 12, at the Connected TV World Summit. The session, with speakers from Cox, Liberty Global, ADB, and Verimatrix, examines the impact of current and future innovations on pay-TV services and operator strategies.
Parks Associates research shows, despite cord-cutting fears inspired by connected CE and OTT video, pay-TV adoption rates are holding steady. In the U.S., 90% of OTT service subscribers also subscribe to a pay-TV service. Furthermore, pay-TV adoption is higher among connected CE owners than among those without; 97% of U.S. broadband households with three or more connected CE devices have a subscription.
"Roughly one-third of connected CE purchases influence service subscriptions, and most of these prompt upgrades over downgrades," said Tricia Parks, Chairman, Founder, and CEO, Parks Associates. "For example, 8% of recent CE buyers upgraded their pay-TV service because of the purchase. Operators throughout the world are re-thinking their approach to OTT and how best to leverage these new, 'unmanaged' screens coming into the connected home."
Operators will face increased competition from Netflix as the firm expands across Europe. Parks Associates reports over 50% of U.S. broadband households with a connected CE watch at least one hour of video per week using Netflix.
Connected TV World Summit takes place June 11-12 at the Royal College of Physicians in London. Parks will chair the session "Technology that will Shape the Pay TV Connected Home," June 12, 12:20-1:00 p.m., featuring:
John Civiletto, VP, Technology Strategic Architecture, Cox
Eric Budin, VP, Product Strategy and Incubation, Liberty Global
Roberto Pellegrini, VP Strategic Marketing, ADB
Steve Christian, VP, Marketing & Product Management, Verimatrix
Parks Associates will host CONNECTIONS Europe: Monetizing Strategies for the Connected Home on November 18-19 in Amsterdam. For information on Parks Associates, please contact Holly Sprague at [email protected].
About Parks Associates
Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions. www.parksassociates.com
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