MUMBAI: Picture this: you're slouched on the couch, watching the season finale of your favorite show, but the room feels hollow. No one to laugh with, no one to argue about the plot twist. Feels a little dull, doesn’t it?

You’re not alone—literally. A new wave of co-viewing, driven by Connected TVs, is revolutionising how India engages with subscription video on demand (SVOD) platforms.

Ormax Media’s latest SVOD audience report 2024 reveals a seismic shift in urban India’s viewing habits. With insights from 3,000 subscribers, the report paints a vibrant picture of a market where language diversity, shared experiences, and tech-savvy innovation drive customer loyalty and growth. From couch-bound solo binging to interactive group viewing, the way Indians consume content is evolving faster than ever—and it’s bringing a mixed bag of emotions along for the ride.

The question is: are you tuning in alone, or are you part of this co-watching revolution?

The report highlights a stagnation in the SVOD audience base, which declined by two per cent to 150.6 million in 2024, compared to 153 million in 2023. This represents 28 per cent of India’s digital video audience, a group dominated by ad-supported video on demand (AVOD) viewers who account for 72 per cent of the market. The slowdown in SVOD growth underscores the competitive challenges platforms face in subscriber acquisition and retention.

A major revelation of the report is the growing impact of Connected TVs, with 36 per cent of SVOD audiences in urban India regularly using such devices to stream content. This trend is expanding beyond metro cities into mini metros and smaller towns, altering how content is consumed.

The report also sheds light on the phenomenon of co-viewing, where 66 per cent of Connected TV users watch streaming content with family members. This shift calls for OTT platforms to prioritise inclusive content catering to diverse age groups and preferences, ensuring a broader family appeal.

Ormax Media, head of business development (streaming, TV & brands), Keerat Grewal underscored the importance of these insights in shaping OTT strategies.

“In a cluttered marketplace where subscribers typically pay for just 2-3 apps, pay OTT platforms must align their pricing, content, and marketing strategies with audience preferences,” Grewal said.

She added, “While platforms have data on their own subscribers, Ormax Media has consistently built industry-wide insights for the Indian OTT sector. Our latest report equips platforms to craft compelling value propositions, grounded in macro-level audience behaviours and tastes.”

Contrary to perceptions that Connected TVs are limited to metro audiences, the report reveals growing traction in smaller towns and mini metros. Grewal highlighted the potential for this shift to fundamentally reshape the type and style of content consumed on OTT platforms in India.

The Ormax SVOD Audience Report: 2024 is now available for subscription and provides valuable data for streaming platforms, brands, and content producers. Covering viewing behaviour, language preferences, genre trends, content sampling triggers, and media habits, the report is a comprehensive resource for industry stakeholders aiming to stay ahead in a dynamic market.