As it’s been extensively documented for the last year, cord-cutting streaming services are coming for the cable companies. Pay TV subscriptions are down by record numbers nearly every quarter, more and more people are subscribing to TV services, and the “never cable” generation is growing up and replacing their cable-subscribing parents.
But so far, one thing has bolstered the traditional pay TV industry: revenue. Streaming services are much cheaper than cable or satellite bundles, so even if the new services are stealing subscribers, the rate of decline of the cable industry is still disguised by fat bottom lines. According to the 2018 ” Battle for the American Couch Potato” report from Convergence Research Group, that’s not going to be the case forever.
BGR Top Deals:
- Today’s best deals: Echo Dot for cars, Nest Thermostat, $20 Wi-Fi extender, $99 robot vacuum, more
- The Netgear Orbi mesh system that covers 5,000 sq ft is discounted right now on Amazon
Trending Right Now:
- Android is going all in on copying an iPhone feature that might disappear next year
- Following police investigation, Apple removes app that allowed users to hide photos behind a fake calculator app
- Netflix CEO Reed Hastings is looking for excuses to raise prices again
Cord-cutting is hitting the cable companies where it hurts most: Money originally appeared on BGR.com on Wed, 18 Apr 2018 at 21:01:21 EDT. Please see our terms for use of feeds.
Source: FS – Phones – News
Cord-cutting is hitting the cable companies where it hurts most: Money