Newsletter 2nd of October
NEWSLETTER
2 October 2024
Welcome to this week’s newsletter from Mediavision. These are the main topics this week:
- Mediavision: TikTok has over 1 million daily viewers in Sweden
- Netflix’s CEO says HVOD is on hold in the Nordics
- Disney expands paid sharing
SOCIAL MEDIA
Mediavision: TikTok has over 1 million daily viewers in Sweden
The consumption of video on social media is growing. Platforms like Instagram, TikTok, and Facebook together reach 2.5 million Swedes every day with their video content. Among the younger audience, TikTok stands out, with over 30 percent of all 15-24-year-olds watching video content daily. This is highlighted in Mediavision’s latest analysis of video on social media.
The use of video on social media has significantly increased in Sweden. Unlike traditional media, the content is dominated by short clips presented in endless feeds. Platforms like Facebook, Instagram, and YouTube offer similar formats, but TikTok has emerged as a leading actor in the market. Just over 30 percent of all Swedes aged 15-74 watch video on social media on an average day, and over a week, this figure rises to 50 percent.
TikTok, which launched in Sweden in 2017, has played a crucial role in the development of social video and is now one of the biggest platforms among young people. According to Mediavision, TikTok now reaches over 1 million daily viewers in Sweden, with a large portion of these being young people. Among individuals aged 15-24, over 30 percent use the platform on an average day.
Read up on the full press release here, with commentary from Mediavision’s CEO Marie Nilsson.
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Schibsted and NWT enter subscription partnership
Amedia becomes sole owner of Bergensavisen
TV2 partners with technology platform FreeWheel
YouSee removes Danish films due to rights dispute
FAST platform Free Live Sports launches globally |
STREAMING
Netflix’s CEO says HVOD is on hold in the Nordics
One of the strongest trends in the Nordic streaming industry over the past year has been the introduction of ads through a hybrid video-on-demand (HVOD) model, which combines consumer payments with advertising. Four of the five largest streaming services in the Nordics now offer HVOD subscriptions, and it may take some time before the fifth follows suit.
Last week, Netflix hosted a press lunch at its new Nordic office in Stockholm. During the event, Greg Peters, Netflix’s co-CEO, revealed that the company has no plans to launch an HVOD subscription in the Nordics. This is contrary to Netflix strategy is several other markets where it has introduced such offerings, including the US.
– “Currently, we are still learning how to grow and how the technology works. Only when we have become good at it can we start thinking about when and how to expand”, Peters said.
Another question raised during the press conference was whether Netflix plans to invest in local sports in the Nordics, an area the company currently does not engage in. According to Peters, such an initiative is not in the works currently.
– “We would have liked to have a lot of sports in our library, but what we have struggled with is making it work for our business. When broadcasting rights for sports are to be renewed, it is usually very expensive, so we instead try to offer sports in our own way: sports documentaries. We know we can offer that kind of storytelling successfully – our customers love it, and they work with our business, so we will do more of those”, Peters commented.
At the event, Netflix also unveiled three new Nordic projects, including the Swedish crime series Synden, written and directed by Peter Grönlund, and the Danish film SULT, written and directed by the comedy duo Ditte Hansen and Louise Mieritz. Additionally, after more than three years since the end of the second season of Home for Christmas, a third season is now in development and set to premiere on Netflix next year.
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Insight Nordic TV & StreamingThis analysis covers both the TV- and streaming markets in the Nordic countries. It rests on three pillars: the consumers, the market, and the actors. Analyzing the consumers takes us far – but not all the way. Studying the actors and the market as a whole is just as important. |
STREAMING
Disney expands paid sharing
Another trend in the streaming landscape is restricting account sharing. Netflix was the first actor to introduce such an initiative last year, and after that, several actors have followed. Most recently, Disney+ announced last week that it is expanding its paid sharing program, which enables users to add a user outside the household for an additional monthly fee. This feature is now available in the US, Canada, Costa Rica, Guatemala, Europe, and the Asia-Pacific region after launching in select markets over the summer.
Account holders who wish to add someone outside their household can now do so using the extra member add-on. In the Nordics, the cost for an additional member is DKK 39/NOK 49/SEK 49 per month on the Standard with Ads subscription plan, and DKK 49/NOK 59/SEK 59 per month on the Standard and Premium plans. In Finland, where Disney+ currently offers only one subscription type, the extra member fee is EUR 5.99. However, new subscription plans, including an ad-supported option, will launch in Finland on October 17th.
Only one extra member slot is allowed per subscription. Disney+ notes that users can still travel and watch content, but requiers verification through e-mail, much like Netflix travelling feature.
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Insikt TV & StreamingThis analysis covers both the TV- and streaming markets in Sweden. It rests on three pillars: the consumers, the market, and the actors. Analysing the consumers takes us far – but not all the way. Studying the actors and the market as a whole is just as important. |
Mediavision in the News
TikTok has over 1 million daily viewers in Sweden – Broadband TV News
Tiktok har over én mio. daglige brugere i Sverige – Mediawatch
Growth in Sweden for podcasts and streaming – Podnews
Marie Nilsson: Social video på frammarsch – kan fördubbla dagens avod-marknad – Dagens Media
Report: Continued growth for streamed music in Sweden – Advanced Television
Filmer og serier «herfra» har vært nødvendig i jakten på kunder – Kampanje
Piratforbrug af film, serier og sport steg med otte pct. i 2023 – Mediawatch
Mediavision’s Adrian Grande shares his takes on HVOD in the Nordics – Nordisk Film & TV Fond
Norge på topp på strømming, men globale aktører løper ifra – Medier24
Pirat-tv ökar i Norden: ”Sverige har en tradition” – Sveriges Radio
Industry Events
Northern Waves: 24th October, Oslo, Norway**
Stockholm Film Festival: 6-17th November, Stockholm, Sweden
* Mediavision will attend
** Mediavision will present