Streaming Video Will Continue to Rise on Mobile in 2019: App Annie
*By Chloe Aiello*
In 2019, 10 minutes out of every hour of media engagement will be spent streaming video on mobile, app market data provider App Annie told Cheddar.
In 2018, app downloads hit 113 billion, Levitas said, while spending on Google ($GOOGL) Play and the Apple ($AAPL) app store hit $76 billion. On average, Americans spent three hours per day on apps.
"Netflix ($NFLX) dominates the top of the list, but YouTube does really well, HBO does really well, Youku in China does really well. And so you've got this video entertainment that is increasingly moving to mobile," App Annie's EVP of Market Insights Danielle Levitas said Friday.
In 2018, mobile gaming and social communications apps were dominant, as were Facebook-owned apps. Four of the top five on App Annie's list of most downloaded apps worldwide were owned by Facebook ($FB), including Facebook Messenger and WhatsApp. But short-form mobile video app TikTok also made the grade, coming in just above Instagram at number four. Levitas said TikTok's breakout success speaks to the popularity of snackable ー or short, attention-grabbing, and fulfilling ー experiences.
"Short-form, 15 second-type videos for example ー they've been incredibly successful across the globe. So the truth is there is this real desire and hunger for these communications, these snackable experiences," she said.
The gaming app market also continued to mature, with new types of games gaining popularity. Casual gaming apps continued to do phenomenally well, led by Helix Jump and Subway Surfers, and with Candy Crush Saga still near the top of the list. But 2018 also saw the rise of minimalist "hyper casual" gaming apps, like Love Balls, and "hardcore games," like PUBG Mobile.
For full interview [click here](https://cheddar.com/videos/top-apps-and-games-in-2018).
Century 21 was a long-time staple for bargain shopping in Manhattan when it went belly up in 2020 at the height of the COVID-19 pandemic. Now, as of last week, the store has reopened and some locals see it as a sign of an economic recovery in New York City.
Paramount Global is set to absorb Showtime into Paramount+, creating a single streaming option to compete with the likes of Netflix and Warner Bros. Discovery’s Max. The company also plans to raise the monthly price from $9.99 to $11.99 per month after the integration.
Debt ceiling talks are underway in Washington, DC ahead of a default deadline. Michael Rosen, chief investment officer with Angeles Investments, joined Cheddar News to explain how a potential default could affect investment portfolios, among other items, for Americans.
Australia's government announced regulations for buy now, pay later services, which will be labeled as consumer credit products, which puts them under the country's Securities and Investments Commission's watch.
Walmart is reportedly teaming up with pet telehealth provider Pawp, giving subscribers unlimited access to vet services via video and text, starting on Tuesday.
Cheddar News checks in to see what's on The Day Ahead, which will include earnings from Lowe's, Dick's Sporting Goods, BJ's and AutoZone along with new home sales data. In addition, Microsoft's Build 2023 Developer Conference is slated to kick off for software engineers and web developers.
Venmo will soon have accounts for teenagers ages 13-17 but they will have to follow a set of rules, with parents or guardians opening accounts on their behalf under their own accounts.