Ditching Cable to Stream–Happening Faster than Predicted
For full article click: http://fortune.com/2018/04/29/viewers-cable-streaming/
Consumers are abandoning traditional cable for streaming services faster than ever. Three major pay-TV providers reported dramatic declines in subscribers to traditional cable and satellite television packages.
A certain provider announced Wednesday that it had lost 96,000 customers for the quarter, its fourth straight quarter of subscriber losses. AT&T’s DirecTV satellite service lost 188,000 customers in the same period, driving down video revenue by $660 million despite the growth of its own online streaming service.
The reports continue a strong trend away from traditional cable services—total cable subscriber numbers declined 3.4% over the course of 2017, a faster decline than in 2015 and 2016. The fact that the latest numbers so dramatically underperformed even grim Wall Street expectations suggests the dropoff is continuing to accelerate.
There are a lot of factors driving the dramatic transition. Arguments about the appeal of “unbundling,” or the ability to pay only for the content a subscriber specifically wants, are widespread.
WhyFly Awesome Internet allows you to stream your favorite movies, TV shows and so much more! For $55/month and no contract! At WhyFly we pride ourselves on helping our community gain a better understanding of how the streaming world works.
Click here: https://www.whyfly.com/watchtv/#.Wi1f9bT82u4 to read more about how to make the switch to streaming your favorite Tv, movies, and local news channels.