This is a no brainer. Personally, we canceled our Comcast cable a few months ago, and now only pay for wifi and use Apple TV to watch movies, shows, etc. Apparently, we’re not the only ones.
From Bloomberg:
Cord-cutting is gaining steam.
Pay-TV services recorded their biggest-ever quarterly drop in subscribers, losing 625,000 TV customers, according to a report Thursday from the research firm SNL Kagan.
While about 100.4 million households still pay for traditional pay TV, the report underscored investors’ fears that cord-cutting is gaining momentum and starting to fray the TV industry’s business model.
Those fears led to a sell-off in media stocks last week, with entertainment companies losing more than $60 billion in value over two days. Top program suppliers such as Walt Disney Co., Time Warner Inc. and Viacom Inc., which rely on subscriber fees and advertising for their revenue, were hard hit.
So-called cord cutters are dropping pay-TV packages that cost an average $87 a month in favor of online services from Netflix Inc. and Amazon.com Inc. priced at under $10. That’s led to falling viewership at many cable networks, hurting ad sales and threatening to reduce subscriber fees.
For related articles, see:
The Comcast/Time Warner Merger and the War Between Centralization and Decentralization
In Liberty,
Michael Krieger
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oh goodness, I haven’t had a cable/satellite/ota tv connection in 10 years. Only the internet, i can’t afford it anyway it’s just not worth it, the internet is superior
What do they expect? Cable or satellite you get crap networks who show you 30 minute or 1 hour shows that are 60% commercials! I am tired of watching all the lying commercials. Hell, sometimes I forget what I’m watching because i am PAYING for watching 18 commercials between the breaks!
I doing Netflix baby!
If the Cable companies had ever delivered on their promise for ala carte prices (i.e. not gouging the consumer for the crap he doesn’t want anyway), I might have signed up at some point. Now they can either deliver or die. What’s left of the free market is speaking.
Cut my cable long ago. Sick of the propaganda. Sick of the cost. Watching TV is a waste of time, so I didn’t watch it too much anyway. Instead, I bought DVDs and a DVD binder and starting ripping DVDs instead. Saved a whole lot of money that way. So, the little entertainment I watch, I can watch without commercials, on MY time schedule. It’s great!