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imagesThe continued rapid growth of streamers such as Netflix, Hulu Plus, and Amazon Prime seems to be finally taking its toll on more traditional content distributors. Multichannel video program distributors such as cable, satellite, and telecom companies saw around 2 million subscribers walk out the door last year.

Research firm SNL Kagan reports that this is the first overall industry subscriber loss ever. Even though subscriber numbers were slightly up in the final quarter of the year, says Kagan, 2013 saw an overall downward trend for the industry:

“The fourth-quarter subscription bump [by Comcast, satellite and telecom] did not carry enough magnitude to lift the penetration rates sequentially . . . While seasonally driven quarterly declines have become routine for industry watchers, the annual dip illustrates longer-term downward pressure even as economic conditions gradually improve.”

Did your cable box or satellite dish go the way of the dodo last year? If not, will cord-cutting be happening soon in your house?

[via Home Media Magazine]

 

4 Responses to “Report: Pay-TV Lost 2 Million Subscribers in 2013”

  1. Visitor [Join Now]
    Vernon Dent [visitor]

    The recent year’s loss represents about 3% of the installed base of subscribers.

  2. Visitor [Join Now]
    Buzz Killington [visitor]

    Cut the cord this year and not looking back. Saving $65 a month on satellite tv. 95% of the content we watched is on network tv – so if we don’t catch it live, it is available either on Hulu (free) or their direct web sites (free).

    I’ll admit the wife and I do miss Chopped on Food Network. But certainly not much else.

    I will admit if you are a sports fanatic, you’ll never cut the cord. You won’t find much for sports (especially college) on network tv.

  3. Visitor [Join Now]
    charles pilcher [visitor]

    here is a clue,to use netflix and other streaming you have to have internet,vast majority of the country do NOT have broadband and those who do get it from oh yeah the cable company.who control how much you pay for services and well if you do not like the price you can go to,NOWHERE.if you have broadband its either dsl or cable and you have only 1 choice.welcome to the land of the monopolies utilities for profit.by the way satellite nor wireless are not broad band as the speeds are not reliable.

  4. Visitor [Join Now]
    Undebt [visitor]

    Just cut the cord yesterday as a matter of fact. After yet another Dish price increase last month enough is enough. Already bought a Tivo to replace the crummy Dish DVR, and the only thing I’ll miss is the Discovery channel.

    We only watch 6 channels anyway, and 4 of those are available OTA. Saving $60/month.