Today, tentpole content is released differently, but it's largely marketed the same way. To make dollars work smarter, marketers must tailor strategies to viewer behavior and preferences, owning the streamer's journey across multiple touchpoints.
It’s an unsolved industry mystery: does one model – binge or episodic – work better than the other? Since the dawn of the streaming era, content providers have tried to answer this question, experimenting with release strategies to attract and retain streamers.
Netflix, the pioneer of the binge model, is the latest service to test its distribution model. Rather than ditching the binge model altogether, Netflix split Stranger Things’ and Ozark’s latest season into two halves, releasing them a quarter apart. It’s a new approach intended to retain subscribers’ interest when they’re done watching that show.
While the effects of Netflix’s experiment remain to be seen, a larger problem exists – services are marketing their titles the same way, regardless of their distribution model and the unique challenges and opportunities each model presents.
The binge model, where all episodes of a season are released at once, offers streamers a chance to devour content and lose themselves in the world of the characters. For services, it drives addiction and strong daily engagement, potentially bringing in higher average revenue per user. However, this engagement can dwindle quickly. Users may finish a series sooner and, if a service cannot offer relevant recommendations after, the risk of churn rises significantly.
It’s no surprise then that binge titles often see peak viewership on the first weekend, with sharp declines every weekend thereafter.
The Strategy: Marketers can curb drop-off and extend a binge title’s shelf life by owning three touchpoints along the streamer’s journey: pre-premiere, premiere week, and post-premiere.
The episodic model, where episodes of a season are released on a weekly basis, creates “water cooler” moments for streamers, giving them time in between to discuss cliffhangers and thick plot points. For services, it brings streamers back to the channel each week, sustaining viewership over time. However, daily engagement is fleeting and after users finish an episode, they may seek out competitor services or different forms of entertainment altogether.
While an episodic release can drive buzz and viewership over time, there are cohorts of streamers that will engage in binge behavior whether a service offers it or not. For weekly releases, sign-ups typically peak during the first and final weeks, proving that some viewers will wait until a series’ finale to binge all at once.
The Strategy: Marketers can prolong the shelf life of episodic titles across four touchpoints in the streamer’s journey: pre-premiere, premiere week, post-premiere, and finale.
Overall, Roku believes that content providers can benefit from deploying different strategies to market to various streamer behaviors. “For popular titles, weekly drops are meant to maximize sign-ups and build buzz over time”, says Lana Li, senior manager of media and entertainment ad marketing at Roku. “Series that release all episodes at once encourage bingers to watch in bursts, potentially growing engagement and average revenue per user (“ARPU”) for rising ad-supported tiers.”
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¹ Roku Internal Data, 2022
² Roku Survey; October 2021, Oct. 19 – Oct. 25, 2021; 696 respondents
³ Roku Survey; October 2021, Oct. 19 – Oct. 25, 2021; 696 respondents