The hottest trend in watching content is… reading it.
Between 2017 and 2022, the number of Netflix subscribers using subtitles more than doubled. In 2022, 58% of Roku customers used subtitles, including two-thirds of millennial users.
Something about words on the TV screen has struck a chord with consumers, and it’s paving the way for a Golden Age of video accessibility.
In recent years, captioning and transcription software startups have seen tons of funding, like Verbit and Rev, which have raised $569m and $30.4m, respectively.
Another startup, Ava, which aims to help deaf and hard-of-hearing people live-transcribe anything from a Zoom call to, uh, “gossiping at lunch,” has raised $16.3m.