The bad news keeps piling up for pay-TV providers as the world continues to gravitate toward online services.
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According to a new survey of streaming video subscribers conducted by The Diffusion Group, 20 percent of video streamers plan to downsize or completely cut the cord on their pay-TV service in the next six months.
Since nearly two-thirds of pay-TV subscribers stream video, this is an ill omen for cable providers.
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Michael Greeson, TDG co-founder and director of research, said the following about his firm’s survey:
“Two-thirds of U.S. broadband households use a subscription video service like Netflix . . . Forty percent of this segment subscribe to multiple streaming services, making them prime prospects for value-added services that deliver a new level of user engagement and blend multiple services into a single experience.”
Do you fall into the 20 percent in TDG’s findings, Insiders? How much longer can the prehistoric cable TV model survive?
[via Home Media Magazine]
Having been streaming for past couple years, the advances and options and seamless operation has improved to the point that streaming will take over total cable market in another few years. We have all seen the drop in PC sales and now we see smart phones becoming almost too smart as they are killing cable along with home streaming media centers. I use my TV in place of PC now, can do all my emails, skype, Youtube, Google searches, never mind access every movie ever made, every TV show ever broadcast, plus saving over a thousand a year, who needs cable TV anymore? When I first converted to streaming, early media centers had issues with buffering, but given it was commercial free, the buffering was not a big deal as it would only happen a couple times during show. Today with more advanced and faster processors, more RAM, streaming is now perfect, no more buffering, even with slower internet connections. Cut Cable and Dump Dish, Save Thousands.
I downsized my cable at the end of March and don’t regret it at all. I got rid of the cable part and now save $61 a month. I’m on a package that includes Internet, locals, 3 room whole home DVR, and 2 movie channels for $99 and that works great. I found a whopping 80% of what I recorded was on the local package. Cable keeps canceling shows and I pay for a lot of sports and uncompelling new shows. Since many channels just canceled shows with no real ending I am done giving them lots of money. I got two Roku 4’s and own a lot on VUDU and have Netflix and Hulu, also use dozens of free apps, so I keep very well entetained.
This has been coming for years. Do you think the Cable Co’s are not ready for this? You better bet they are. How do you think they will make up for the Cable loss.
1. Your Net Bill will go up a good 25%+
2. You net speed will be like your cell phone. The first so & so will be this. After that. Your speed will drop to. Unless you pay $50.00 a month more.
3. Charter just go Time Warner. The FCC & FTC has put. Charter can not put caps on your net use for (7) years. Ha! ha!… You really think Charter is going to go for that. Yes they will. BUT. after 250-300GB’s of use. Your net speed will drop to about zero. Unless you pay $50.00 a month more. Charter is not dumb. They are ready to screw the public anytime.
And did you read about the FCC saying. This may have not been a good deal for the public. GEE! You think..
Seven years will go fast. :(
Dropped cable in February. Using PS Vue, Hulu and Netflix now. The only thing I “miss” is nfl network or nba tv. Every other channel I watch is available through those methods or OTA
the only folks that will not switch will be the older crowd that just doesn’t get the technology. The younger crowd is way ahead of the curve here.