Americans Turn Away from Internet TV for Olympics

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Consumers may live in a world where streaming video from large libraries of content has become available over the Internet. The trend has boosted the success of companies such as recently crippled Netflix Inc. (NASDAQ: NFLX). Streaming technology has even improved to the point that live events can be seamlessly sent via the Web to televisions and PCs. However, if American viewing plans for the London Olympics are any sign, online television has not made as many strides as some expected.

A new poll from Gallup reports:

The overwhelming majority (85%) of those who plan to watch the Olympics say they will do so “only” (47%) or “mostly” (38%) on television. Only 4% of Americans who plan to watch say they will do so only or mostly via the Internet, even though all events, including less-popular sports and events involving other countries, will be live streamed online for the first time ever.

People may have low comfort levels with media other than their television, which has been the source of Olympic programming for years. Or, past experience with bug-ridden Internet connections may have hurt the consumer’s desire to access programming though conduits other than cable or fiber.

No matter what the reason, the grand experiment by networks to move people to Internet-fed programming has failed so far. The blow to these networks is considerable. The creation of facilities to stream video and to cover events that require additional crews and production was supposed to expand viewership of the Olympics overall, which in turn would attract more and newer advertisers. Apparently, American viewing habits diehard, and that will quash the hopes of the networks, at least for this year.

Methodology: Results for this Gallup poll are based on telephone interviews conducted July 19 to 22, 2012, with a random sample of 1,030 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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