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Millennials Call It Sharing, Wall Street Calls It Stealing
Money Mag ^ | 10-9-15 | Ian Salisbury

Posted on 10/25/2015 5:14:44 PM PDT by Diana in Wisconsin

Whatever you call it, it's killing the cable tv business.

It’s no secret that young people like to consume entertainment they don’t necessarily pay for.

But when business and tech types talk about this reality, they tend to use neutral or even flattering language: Millennials, they say, like to “swap” files and “share” subscription passwords. After all, super-earnest, bike-commuting, coffee-sipping twenty-somethings don’t look like dangerous criminals. And let’s face it, no business wants to alienate the work-force’s largest generational cohort, with billions, if not trillions, worth of spending ahead of it.

But now some Wall Street analysts have decided to come right out and use another S word—steal—in discussing the problems facing some traditional media enterprises.

“The millennials are a generation that grew up (and will likely grow old) ‘sharing’ (read stealing) passwords for access to content if it continues to be ignored,” wrote analysts Mike McCormack, Scott Goldman, and Tudor Mustata in a note to clients Tuesday. “We believe it is the most significant cause of the declining pay TV subscriber base.”

(Excerpt) Read more at time.com ...


TOPICS: Business/Economy; Computers/Internet; Society
KEYWORDS: copyright; copyrightact; copyrights; piracy
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To: Obadiah
“We believe it is the most significant cause of the declining pay TV subscriber base.”

Amen to what you said. I am tired of being forced to buy crap I don't want to get the half dozen or so channels which I do.

41 posted on 10/25/2015 6:05:13 PM PDT by Vigilanteman (ObaMao: Fake America, Fake Messiah, Fake Black man. How many fakes can you fit into one Zer0?)
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To: sparklite2

Go streaming. Why support left wing media thugs financially?


42 posted on 10/25/2015 6:05:16 PM PDT by stinkerpot65 (Global warming is a Marxist lie.)
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To: Tired of Taxes
The real reason people are dropping Cable TV is that we don’t want to pay every month just to surf through 2,000 channels and still find nothing to watch.

I can get 50+ channels crap over the air and still get my intelligence insulted for free. Why pay for it?

43 posted on 10/25/2015 6:07:40 PM PDT by rllngrk33 (Things will continue getting worse until at least January 2017.)
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To: The Ghost of FReepers Past

When you rip the moral fiber out of America, there is no stealing.


44 posted on 10/25/2015 6:08:20 PM PDT by Kozy
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To: Diana in Wisconsin
First, the cost of pay TV causes the decline.

Second, dress it up, justify it how you will, theft is theft.

45 posted on 10/25/2015 6:10:06 PM PDT by gogeo (If you are Tea Party, the GOPee does not want you.)
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To: Diana in Wisconsin

The cable business is killing the cable business — with their twice-annual price increases.

About 3 years ago, they jumped my cable/Internet nearly $10. Then, 6 months later they jumped it by a similar amount.

==

More holders of content are bypassing cable/satellite and going direct to the Internet.

Hulu has started offering an almost-commercial free service.

Youtube is going to be offering pay-accounts with no commercials.

Paramount released a chunk of their movies to Youtube.

Netflix and Amazon Prime seem to have found success and both are producing some original programming that is more successful than some of the broadcast/network offering.

HBO, Showtime and CBS are starting to provide some streaming services for a fee.


46 posted on 10/25/2015 6:17:24 PM PDT by TomGuy
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To: ProtectOurFreedom
Sgt. Bilko, Victory At Sea, Dodgers, Yankees, Giants, What My Line and without a doubt the best comedy shoe ever, The Ernie Kovacs Show
47 posted on 10/25/2015 6:19:25 PM PDT by Kozy
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To: Kozy

EXACTLY! Well said.


48 posted on 10/25/2015 6:22:06 PM PDT by The Ghost of FReepers Past (Woe unto them that call evil good, and good evil; that put darkness for light..... Isaiah 5:20)
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To: Chickensoup

Same here. :-) Movies on Netflix. News online. Who needs cable TV now?


49 posted on 10/25/2015 6:25:22 PM PDT by Tired of Taxes
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To: Sgt_Schultze; Diana in Wisconsin
I’m not going to worry about big business media whining about how they are being hosed. As big media runs interference for big government by outsourcing good American jobs and lobbying to import more turd worlders, I’m going to be okay seeing their bottom lines erode. The sooner big business media loses power over entertainment, the quicker their power over the eroding culture is diminished.

Sing it once; get paid once.

50 posted on 10/25/2015 6:29:46 PM PDT by meadsjn
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To: The Ghost of FReepers Past

“But this day and age where in most other areas of life they are taught to not be discerning or that their feelings trump facts, well...what do you expect?”

That was my take-away, too.


51 posted on 10/25/2015 6:30:27 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: FlingWingFlyer

“Most of the youngsters these days have been taught that everything is a “right” and therefore, it should be free.”

Exactly.


52 posted on 10/25/2015 6:32:21 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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The one thing that infuriated me the most about cable companies was every single year you would have to threaten to cut the cord after your rates doubled, then suddenly they would offer you the latest deal. I hate games


53 posted on 10/25/2015 6:33:27 PM PDT by dsrtsage (One half of all people have below average IQ. In the US the number is 54%)
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To: rllngrk33

Exactly! And yet, in response, the Cable TV companies are blaming “Millennials”...? No wonder the industry is in trouble.


54 posted on 10/25/2015 6:34:00 PM PDT by Tired of Taxes
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To: roadcat
Conan! What is best in life?

Conan: Crush your enemies. See them driven before you. Hear the lamentations of their women. And watch your granddaughter playing with shells and starfish among the wet rocks on the beach...

Conan FINALLY gets it right. :)

55 posted on 10/25/2015 6:43:47 PM PDT by kiryandil (Maya: "Liberalism Is What Smart Looks Like to Stupid People")
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To: Diana in Wisconsin

If every commercial wasn’t explosions, crappy rock or rap music, stuffing “diversity” into every scene, etc. maybe I’d think about it.


56 posted on 10/25/2015 6:46:08 PM PDT by P.O.E. (Pray for America)
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To: Tired of Taxes

Unfortunately my wife does for sports.


57 posted on 10/25/2015 6:56:24 PM PDT by ProtectOurFreedom (For those who understand, no explanation is needed. For those who do not, no explanation is possible)
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To: kiryandil
Conan FINALLY gets it right. :)

Well, my wife does call me an ogre, but not Conan. We've all become so civilized that sitting on a couch mindlessly watching Cable TV is deemed so important that we should pay tons of money for the privilege. When we can frolic on the beach for free.

58 posted on 10/25/2015 7:26:14 PM PDT by roadcat
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To: Diana in Wisconsin

I love spending $150 a month for endless reruns of Law and Order, Law and Order SVU, Law and Order Criminal intent, NCIS, NCIS LA, Raymond, King of Queens, Castle, Bones, 2 Broke Girls, Friends, Fresh Prince, Golden Girls, Rosanne, Mike and Molly, Frasier, How i Met Your Mother, etc, etc, etc....


59 posted on 10/25/2015 7:56:13 PM PDT by mowowie (`)
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To: Diana in Wisconsin

I pay for cable and netflix. My son lives across town and he has the passwords to access them both on his computer. The cable company offers the app and I am not using it, so he does. They offer the service, I take advantage of it. Oh well. The rates keep going up while quality goes down.....They could do what netflix does, limiting the number of devices that can be used at one time, but it doesn’t appear they do. I can watch my TV/DVR on my phone, my tablet, my laptop, as well as my TV. I don’t bother but my son can, if he wishes.


60 posted on 10/25/2015 7:57:47 PM PDT by ozaukeemom (All the special snowflakes still make an ordinary snowball.)
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