AuthoredbyChrisRoberts&VinceMuscarella (Rentrak) DefiningOver-The-Top(OTT)DigitalDistribution Thisdocumentpresentsanoverviewofover-the-top(OTT)distributionandhowitfitsintotheInternet protocolTV(IPTV)andvideo-on-demand(VOD)markets.ItexplainstheprinciplesofOTT,considersthe differencesbetweenOTTandIPTV,looksatthevariousbusinessmodelsintheOTTspace,andprovides detailedanswerstothekeyquestionsbeingaskedaboutOTT. “Digitaldistribution”hasbecomeageneraltermreferringtothedeliveryofentertainmentcontentto theconsumerthroughtheinternetasopposedtoover-the-airbroadcast,cable,telco,satellite,ordiscbaseddelivery.Therealityisthatthereareavarietyoftypesandmodelsof“digitaldistribution,”and thatcontentdeliveredbytraditionalcable,telco,andsatelliteoperatorscanalsobedefinedas“digital.” Thegoalofthisdocumentistopresentacurrenthierarchyofthesubsetofdigitaldistributionthatis commonlyreferredtoasover-the-topdistributionanddefinethemostcommontypesoflicensesand businessmodelsusedbythebiggesthousehold-names. OTT LIVETV EST VOD AVOD SVOD iVOD OTT(Over-The-Top)referstothedeliveryofaudiovisualcontentstreamedovertheInternetwithoutthe involvementofanInternetserviceprovider(ISP)inthecontrolordistributionofthecontent.TheISPis neitherresponsiblefor,norisabletocontrol,theviewingabilities,copyrights,and/orother redistributionofthecontent,whicharrivesfromathirdpartyandisdeliveredtoanend-user’sdevice. TheISPisonlyintheroleoftransportingIPpackets.It'softenreferredtoas"over-the-top"because 1 OTTOverview–TheEntertainmentMerchantsAssociation(2015) theseservicesrideontopoftheserviceyoualreadyget.OTTservicesdon'trequireanybusinessor technologyaffiliationswiththeentitythatcontrolsormaintainstheinfrastructurethroughwhichthe contentisdeliveredtoend-users. OTTincludesthedistributionoflinearprogrammingandnon-linearvideo-on-demand(VOD)and electronicsell-through(EST)content.Smartphones,tablets,computers,gamingconsoles,DVD/Blu-ray Discplayers,televisions,andset-topboxes/devices(e.g.,AppleTV,FireTV,GoogleChromecast,and Roku.)withinternetconnectivityareabletoaccesscontentviatheinternetfromcompaniesand serviceslikeAmazonVideo,CBSAllAccess,HBONow,Hulu,Netflix,andSlingTV.) Q:WhataretheOTTbusinessmodels? A:TherearethreeprimarybusinessmodelsforOTT—Live,EST,andVOD: 1. LIVETV:Asubscription-modelservicewherecontentisstreamedlivetoaninternet-connected deviceforviewingbytheend-user(seeOTTdeviceexamplesabove).SomepeoplebelieveIPTV isOTT,butIPTVoperatesinaclosedsystemoradedicated,managednetworkcontrolledbythe localmultichannelvideoprogrammingdistributor(MVPD):acable,satellite,telephone,orfiber companylikeU-verse(AT&T).IPTVmeansInternetProtocolTVandreferstothetechnology beingutilizedinthecontent’sdelivery,notthelicenseorbusinessmodelbeingemployed.OTT TVdiffersfromIPTVasittransmitsstreamsusingHTTP(HypertextTransferProtocol),the protocolwhichhasbeenusedfordecadestotransportwebpagesovertheinternet.Thechart belowexplainsthekeydifferencesbetweenOTTandIPTV: ComparisonofIPTVvs.OTT: IPTV Over-The-Top(OTT)Technology ContentProvider LocalMVPD(e.g.,Uverse-AT&T) Studio,TVNetwork(channel),or3rd partyservice Transmission Network Localtelecom- dedicatedownedor leasednetwork Publicinternetpluslocaltelecom Receiver STBorDVRprovidedby Internet-connecteddevicepurchased telecomorpurchasedby byconsumer(e.g.,phone,tablet, consumer(e.g.,TiVo) computer,console,set-top-box,etc.) 2. EST(ElectronicSell-Through,Download-to-Own,orDigital“HD”):Electronicsell-throughisthe modelwherebyaconsumerpurchasesorperpetuallylicensesadigitalreproduction.This licensedreproductioncouldbeintheformofafiledownloadedtotheconsumer’sinternetconnecteddeviceorlocalharddrive,orviaaccesstothecontentinavirtualstoragelockeror cloud-basedserviceforstreamingondemandtotheend-user. 2 OTTOverview–TheEntertainmentMerchantsAssociation(2015) 3. VOD(Video-On-Demand):Contentnotownedorperpetuallylicensedbytheconsumerthatis eitherstreamedordownloadedtoaninternet-connecteddeviceforviewingbytheend-userat theend-user’sdiscretiononanon-demandbasis. Q:WhataretheVODbusinessmodels?Doestheconsumerpayasubscriptionfee,payby transaction,orviewadvertisinginsteadofpayingdirectly? A:Theshortanswerisalloftheabove: 1. AVOD(Ad-SupportedVideoOnDemand):Ad-supportedcontentmadeavailableonanondemandbasisforstreamingtoendusers.ExamplesofAVODincludeABCGo,Crackle,Hulu, Popcornflix,andYouTube.Suchservicesareprimarilymadeavailabletotheenduseratno charge,thoughinsomeinstancesa‘freemium’orhybridAVOD/SVODmodelisemployedwhere onlyaportionoftheservice’scatalogismadeavailableforfree,withtherestbehinda subscriptionpaywall. 2. SVOD(SubscriptionVideoOnDemand):Forafixed,recurringfee,subscribersmayhave unlimitedstreamingtoalicensedcatalogofcontentforthedurationoftheiractivesubscription term.Subscriptiontermsmaybeasshortasonemonth(HuluPlus,Netflix)oraslongasone year(AmazonPrime). 3. iVOD(InternetVideoonDemand):Thetemporarylicense(i.e.,arental)ofaprogramfora limitedandpre-determinedviewingperiod(suchas24or48hours)foron-demandviewingby anend-user.Theprogrammaybedownloadedandstoredlocallyontheend-user’sdevice,or accessedonlineviastreaming. Q:Doestheconsumerhaveperpetualortemporarylicenseforthevideofile? A:ForiVOD,theconsumerhasatemporarylicensetoaccess,view,and/orstorecontent.Inthecaseof EST,theconsumerpaysforwhatislargelyconsideredtobeaperpetuallicensetostore,view,and/or accessalicensedreproduction.Inbothcases,andlimitedtothedurationofthelicense,theconsumer mayhavetheoptionto:(a)storeacopyofthefilelocallyforplaybackonacompatibledevice;(b)access itonlineforstreamingthroughaninternet-connecteddevice;or(c)both. Q:WhatdoestheOTTbusinesslooklike? A:TheOTTlandscapeisquitecomplex.TheillustrationthatfollowsexplainstheflowoftheOTT businessstartingwiththeOTTVideoRetailers/Distributors(e.g.,Hulu,Netflix,YouTube—notanallinclusivelistofOTTVideoRetailers/Distributors). 3 OTTOverview–TheEntertainmentMerchantsAssociation(2015) OTTIllustration: NamesandlogosforAmazonInstantVideo,CBSAllAccess,HBONow,Hulu,Mgo,Netflix,PlayStationVue,SlingTV,YouTube,andXbox,are trademarkedandarethepropertyoftherespectiveowners. 4 OTTOverview–TheEntertainmentMerchantsAssociation(2015) OTTProviders(includingU.S.subscriberestimates,monthlyfees,etc.) OTTProviders(examples)* #ofSubs(est.) Netflix Price(Month) Notes AmazonVideo 42,000,000 27,000,000 $11.99 60,000,000Worldwidesubsestimated. Includedw/AmazonPrimeannualfee. $8.25 $8.99mo.fornewmemberseffective 5/9/14.$11.99/mo.for4HDscreens. BaseHuluAVODserviceis$0.00. $7.99 10,000,000HuluPlussubsestimatedby someanalysts. HuluPlus 9,000,000 Showtime 1,000,000 HBONow 850,000 $14.99 MoffettNathansonestimates1.9Msubs. SlingTV(DISH) 250,000 $20.00 Noggin(Nickelodeon) 162,000 $5.99 CBSAllAccess 100,000 $5.99 $10.99 $49.99 Àlacarteoptionsarealsoavailable. PlayStationVue(Sony) N/A NBCUniversal N/A Apple N/A $25.00 WarnerArchiveInstant N/A $10.00 SesameStreetGo N/A $4.00 Popcornflix N/A $0.00 Ad-SupportedMoviesandTVcontent. *Notanall-inclusivelist.N/A–Notavailable OTTSports(examples)* NFLNow $3.00 Estimatedprice.Servicetolaunchin 2016. #ofSubs(est.) Price(Month) Notes N/A $1.99 $4.99(outsideofUS,Mexico,UK) NBALeaguePass N/A MLB.TV N/A $20.00 Basefee.Premiumoptionsalsoexist. MLSLive N/A $15.99 $37.99Season NHLGameCenterLive N/A $4.95 WatchESPN N/A $20.00 PGATourLive N/A $4.99 WWENetwork N/A $10.00 *Notanall-inclusivelist.N/A–Notavailable $200.00 LeaguePass(fee) Note:SubscriberestimatesandpricingasofJune2015 5 OTTOverview–TheEntertainmentMerchantsAssociation(2015) Authors: ChrisRoberts,SVPSales,OnDemandEverywhere,Rentrak ChrisRobertsChrishasbeenatRentrakformorethan25yearsandstrivestobeonthecutting-edgeofthe constantlyevolvingentertainmentindustryinordertodeliverRentrak’sclientsthemostinnovativeanduseful productsandservices.Robertshelpedcreatetheindustry’sdigitalmeasurementserviceformoviesandTVcontent in2013,Rentrak’sDigitalDownloadEssentialsIndustry™.Usedbyallthemajorstudiosandnetworks,theservice providescompetitiveESTandiVODintelligenceinanevolvingdigitallandscape.ChriswaslistedasoneofHome MediaMagazine’s“DigitalDrivers”in2014and2015.ChrisalsoservesasamemberoftheEMADigitalSteering CouncilandisalsoontheboardofdirectorsofOurFamilyInAfrica,aninternationalnon-profitorganization providingsupporttoorphansintheDemocraticRepublicofCongo. VinceMuscarella,VPDigitalStudioServices,Rentrak HonoredasoneofHomeMediaMagazine’s“DigitalDrivers”in2014and2015,Muscarellahasmorethan13years ofdigital,VOD,andhomeentertainmentindustryexperience.AftercreatingandleadingMillennium Entertainment’s(nowALCHEMY’s)digitaldistributionefforts,MuscarellajoinedRentrakin2012,workingwith majorstudiosandindiestohelpgrowRentrak’sDigitalandVODmeasurementservices. GlossaryofKeywordsandAcronyms: • • • • • • • • • • • • • • OTT–Over-The-Top iVOD–InternetVideo-On-Demand EST–ElectronicSell-Through DTO–DownloadToOwn VOD–Video-On-Demand AVOD–Ad-SupportedVideo-On-Demand SVOD–SubscriptionVideo-On-Demand HD–HighDefinition IPTV–InternetProtocolTelevision HTTP-HypertextTransferProtocol MVPD–MultichannelVideoProgrammingDistributor STB–Set-Top-Box DVR–DigitalVideoRecorder ISP–InternetServiceProvider ©EntertainmentMerchantsAssociation(EMA).AllRightsreserved.Theinformationcontainedhereinissubjecttochangewithoutnoticeand doesnotcarryanycontractualobligationfortheEMAorRentrak.Namesandlogosforcompaniesmentionedinthisdocumentaretheproperty oftherespectiveowners. 6 OTTOverview–TheEntertainmentMerchantsAssociation(2015)