Unlike previous generations, millennial moms grew up on a steady diet of creating and watching digital videos. As they grow up and continue their cord-cutting habits, they're opening up a market for a new type of online video that caters to their more mature viewing habits.

"This generation of moms really looks to social media on what to buy, and their purchasing decisions changed dramatically when they became a mom," said Sarah Penna, head of AwesomenessTV's millennial mom network Awestruck. "Moms make a lot of decisions in the household. They are the CEOs of the house."