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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: ClearCase_guy

I keep seeing the same movies being replayed over and over on cable. It is if there were only a top 40 and not the thousands of other films to see. I have Sling tv which is an app I added to my ROKU. It has most of the cable channels I watch but at a much lower cost.

It has the Smithsonian channel which has the shows that the Discovery and History channel do not carry anymore. You know, informational and entertaining. I pay $30 for Sling and cable internet is $44.


61 posted on 10/25/2015 8:01:36 PM PDT by minnesota_bound
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To: ProtectOurFreedom

That’s right... Sports fans do need to buy cable TV, don’t they? ESPN, etc.


62 posted on 10/25/2015 9:22:45 PM PDT by Tired of Taxes
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To: Tired of Taxes

That’s what would stop me from cord cutting. I want my NFL Sunday Ticket, which locks me into DirecTV (a great company, by the way). So I load up with all the movie premium channels and don’t think twice. It’s like Daddy says, Money don’t spend itself.


63 posted on 10/25/2015 9:29:26 PM PDT by sparklite2 (All will become clear when it is too late to matter.)
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To: sparklite2

If you’re happy with the service, that’s great.

I’m flat broke, so I have to count pennies. Good thing I’m not a sports fan.


64 posted on 10/25/2015 9:40:44 PM PDT by Tired of Taxes
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To: Diana in Wisconsin

It’s sharing if I decide to give my money away - it’s stealing if someone else decides to take my money away....


65 posted on 10/25/2015 9:41:07 PM PDT by Intolerant in NJ
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To: Larry Lucido

Yesterday was a great day for a lot of otherwise unused gags. Who would have thought it?


66 posted on 10/26/2015 4:48:11 AM PDT by Gamecock (Preach the gospel daily, use words if necessary is like saying Feed the hungry use food if necessary)
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To: Diana in Wisconsin

I perused the comments. Notably missing were the ‘sportsters’ and ‘series addicts’ from what I viewed.

I quit cable & satellite for streaming, don’t miss the commercials, have more time in my life and am satisfied that I am not supporting MSNBC & the-like.

While I ‘may’ consider a return if I could get ‘a la carte’ channels, the other aspect that pissed me off was the failure of 1st-run movies to EVER make it to the premium channels.

Many factors have created the mess that is now cable & satellite; many more should ‘cut the cord’ for a few months and see what happens. It takes about 2-3 months for the ‘addiction’ to TV to truly abate.

Worst case is you receive a $200 credit/discount offer to return when the season begins again...


67 posted on 10/26/2015 6:01:42 AM PDT by logi_cal869 (-cynicus-)
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To: mowowie

It’s that bad, Huh? I don’t have cable or satellite, but I get the majority of the shows you listed on ‘free’ Government TV by me. METV and ANTV, mostly, a free Weather Channel (Weather Nation) and PBS for the cooking shows I’m addicted to. :)


68 posted on 10/26/2015 6:40:25 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: ozaukeemom

I would do that, too!


69 posted on 10/26/2015 6:40:40 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: logi_cal869

See my Post 68. I’m cured. Mostly. LOL!


70 posted on 10/26/2015 6:41:59 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: freedumb2003
Embedded in the story:

“Read Next: How to Watch All the TV You Want Without Paying for Cable”

The irony is palpable (if not purposeful).

The scheme in the article is predicated on living in a broadcast TV coverage area and then buying Web based services like Sling and Netflicks. It isn't about downloading torrents through a proxy server on usenet.

71 posted on 10/26/2015 7:26:39 AM PDT by kitchen
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