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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline
Arts & Entertainmentbinge-watching

Binge Watching Is The New Normal

By
Claire Groden
Claire Groden
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By
Claire Groden
Claire Groden
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March 24, 2016, 12:05 PM ET
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Photograph by Stephane de Sakutin—AFP/Getty Images
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Binge watching might be a lonely hobby, but those who do it certainly aren’t alone.

A recently released Deloitte study has found that 70% of Americans binge watch television an average of five shows at a time—and nearly one-third binge watch on a weekly basis.

The affinity for binge watching tracks age demographics closely: while barely more than one-third of adults older than 67 have ever binge watched TV shows, more than 80% of those between 14 and 31 have done so.

Nearly half of Americans subscribe to some sort of streaming media service like Netflix (NFLX)—the highest level ever recorded by the 10-year-old annual report. More than half of all consumers stream movies at least monthly, beating out other consumption methods like renting DVD/Blu-Ray or renting through On-Demand or Pay-Per-View.

 

“The proliferation of online content shows no signs of slowing down and the consumer appetite to consume content is equally voracious,” Gerald Belson, Deloitte’s vice chairman and US Media and Entertainment Sector leader, said in a press release. “The survey data indicates that consumers are more willing than ever to invest in services to watch whenever, wherever, and on whatever device they choose.”

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