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Expand chart

Data: Consumer Technology Association; Chart: Lazaro Gamio / Axios

A new Consumer Technology Association study finds that video viewership has increased more than 30% over the past five years to 16.8 hours per week, but almost half of all video viewing is being done on devices other than television (smartphone, laptop, desktop, tablet, etc.) — the highest rate its ever been. According to the study, that near 50/50 split represents a dramatic change from just four years ago, when consumers viewed TV video 62% of the time. Desktop video viewership has also declined by over 50% since 2012.

Why it matters:

  1. TV is facing sharp advertising and subscription declines in response to diminishing viewership. Experts predict that 2017 will be the first year digital advertising spending eclipses TV. A portion of the CTA report released to Axios earlier this week showed that for first time, more people are using streaming services for content than paid TV.
  2. Around 1/3 of consumers say that even though they are accessing more content on mobile, the video viewing quality isn't great. This is because publishers and advertisers are still creating horizontal video products with desktop and TV viewership in mind, instead of optimizing their content for vertical viewing experiences on smartphones. Nieman Lab argues that the lack of adaptation comes from uncertainty in the publishing world about how to best make vertical video.

Go deeper

Pelosi urges White House to reinstate expired eviction moratorium

Photo: Drew Angerer/Getty Images

House Speaker Nancy Pelosi (D-Calif.) is urging President Biden and his administration to renew and extend the eviction moratorium after the House failed to secure enough votes to pass legislation to prevent its lapse.

Why it matters: Millions of tenants across the country face the threat of eviction after the moratorium expired this weekend.

Cuomo urges private businesses to move to "vaccine-only admission"

New York Gov. Andrew Cuomo (D) on Monday called for private businesses to incentivize getting vaccinated against the coronavirus by instituting "vaccine-only admission."

Why it matters: The Delta variant is driving up COVID-19 cases around the country to surge, but deaths and hospitalizations are overwhelmingly occurring in unvaccinated people.

Crypto industry faces $30 billion tax threat from infrastructure bill

Illustration: Sarah Grillo/Axios

It's finally "Infrastructure Week" and Congress is hammering out the details of a $1 trillion bill inching closer to the finish line. But one area that could face unpleasant consequences from the bill is cryptocurrencies.

Why it matters: Nearly $30 billion in taxes from cryptocurrency transactions, as part of the bill's "pay-fors," is at stake.