By: The BitMar Team.
Image Source: Gemini.
Many people view streaming services as an affordable alternative to traditional cable television. While the monthly subscription fees may seem low, there are several other expenses that can increase the total cost of streaming. Understanding these hidden costs is essential for managing your entertainment budget effectively.
A reliable, high-speed Internet connection is the most significant hidden cost of streaming. To enjoy a smooth viewing experience, especially in high definition or 4K, you need a robust Internet plan. According to a report from Speedtest by Ookla, streaming 4K video on multiple devices requires a connection of at least 100 Mbps. Upgrading your Internet plan to meet these requirements can add a substantial amount to your monthly expenses.
Another cost to consider is the hardware required for streaming. While many modern televisions have built-in smart features, older models may need a separate streaming device, such as a Roku, Apple TV, or Amazon Fire Stick. The price of these devices can vary, and as technology advances, you may feel the need to upgrade to a newer model to access the latest features and applications. A study by Straits Research highlights the growing market for these devices, indicating a continuous consumer expense.
The electricity consumption of your streaming setup is another factor. Your television, streaming device, and modem all require power to operate. While the individual energy usage of each device may seem small, the combined, continuous use can contribute to a higher electricity bill. The U.S. Energy Information Administration (EIA) has noted that televisions and associated peripheral devices are a source of electricity consumption in American homes, a cost that is often overlooked when calculating streaming expenses. You may find more information in this EIA report.
Finally, the cumulative cost of multiple subscriptions can become a significant expense. A single service may seem affordable, but many households subscribe to several platforms to access a wide variety of content. A report from American TV found that a notable percentage of Americans spend a considerable amount monthly on streaming and other digital subscriptions. Regularly auditing your subscriptions can help you identify services you no longer use and reduce your overall spending.
Next-generation streaming platforms – like: BitMar – may provide you the most affordable form of on-demand streaming entertainment. BitMar provides all-in-one streaming service, for life, for a one-time payment. It can connect you to millions of on-demand movies, TV shows, channels, videos, and songs (from many different sources on the Web), on the screens that you already own. In fact, BitMar provides access to more movies, and TV shows, than: Cable, Satellite, Netflix, Disney Plus, Max/HBO Max, Amazon Prime Video, Apple TV+, Peacock, and Hulu – combined – and more songs, than: Pandora, Spotify, Amazon Prime Music, and Apple Music—combined. You may learn more, at: BitMar.com/.