Posted on 07/12/2023 8:39:44 AM PDT by Enlightened1
So far, 2023 was not very nice to cable TV companies. They lost a total of 1,820,943 subscribers in just the first 91 days of 2023. That works out to be over 20,000 subscribers every day. This comes from the Leichtman Research Group, which tracks the cable TV and streaming markets.
If that trend continues, over 7 million Americans will cancel cable TV in 2023. We will soon get a good idea of how that trend is going in the 2nd quarter of 2023. In August, multiple cable and satellite companies will report earnings for the 2nd quater. This will give us a good idea of how fast cord cutting will grow.
In total, over 60 million Americans still pay for a traditional cable TV service as of the end of the 1st quarter of 2023.
Many cable TV executives had hoped that live TV streaming services like Hulu, Sling TV, Fubo, and YouTube TV would replace the losses with cable TV. So far, that is now happening as these services lost a combined 394,000 in the first three months of 2023.
Increasingly most cord cutters have decided that live TV is something they just don’t need. If you are not a sports fan, it seems like you are not interested in paying for a live TV service.
The Biden effect at work! Inflation and no
cost of living increases means something needs to go….
Of course how many of them are using their cable company as their internet company. There’s a reason these companies diversified. My cable company is also my landline, internet, and home alarm. They’ve also gotten into the cellphone market.
YouTube TV, despite being owned by Google, seems to be a favorite here (no much for not feeding the beast).
————
Disappointing
Can’t really complain about YouTube and google censorship when we give money to them now can we?
We use Fubo TV.
Do you recommend a specific DVR?
I get all or most of those. I used to watch TCM all the time until this year they seem to have gone completely woke. I haven’t watched them since. Plenty of film noir and old movies on regular YouTube. I will say the user interface with YouTube TV isn’t the best, but it’s workable if you spend a few minutes to set up “favorites”.
My yard man was making conversation with me the other day. He said, “Do you ever watch the crap they put on TV?”
he’s not a friend
just sayin’
Go à la carte or die.
hear! hear!
There’s little to no money in traditional cable programming, as the networks screw everyone downstream for every cent. Quite a few small cable companies ditched traditional cable since it was a net loss for them to have it.
The more this happens, the more the actual consumer will see how predatory content providers can be - hence the now constant fee jumps in streaming services.
Shoot...I quit years ago.
If they would put something over the lines worth watching other than reruns of campy shows, superhero cartoons, hundreds of product selling vessels, the same old movies over and over which most weren’t worth watching when they were new, and way too many repeating news stations spatting their agenda while erasing common cable shows that border on the line of entertainment and making them a pay for play station, they might be able to hold down a small audience.
I remember when cable came in. It’s only claim to fame was it could show things that regular TV couldn’t. Lord how that’s changed. Only now cable has become TV using all the same local stations and both sides have run out of programming.
wy69
YouTube TV, despite being owned by Google, seems to be a favorite here (no much for not feeding the beast).
yes disconcerting
things will have to get a lot worse
before people say
this aint right
so can I get rid of cable without disrupting the others?...
we have amazon prime already.....what other channels are worth subscribing too....any advice would be helpful.
I get all the major franchise films (especially on weekends), e.g. Jason Bourne, Star Wars, Harry Potter, Hunger Games, Godfather I and II, Avengers, Twilight Saga, Divergent, plus a lot of classic crime films like Goodfellas, Casino, Chinatown, Blow, Hitman, plus all the news channels, plus all three business channels, ESPN, Golf Channel, network NFL and college football...
I have my TV on at low volume whenever I am at home - business channels and news on weekdays - movies, golf, and football on the weekends.
I think if I switched to streaming (pay per view, right?) my viewing costs would increase 2X or 3X times for LESS programming!
3.8 million lost at 20,000 per day (July 12)
“I subscribe to Youtube TV as well. Beautiful pic.”
A comparatively low-res picture is the best I could find on YT TV.
Comcast is now charging us $200 a month for cable, phone, internet. We are going to drop the phone and cable but still, Comcast being the only service in our area still has us by the tail.
I talked to a Comcast worker and he said they can’t wait to get out of the cable business and just concentrate on internet. Soon internet will cost what cable does today. Don’t think for a minute Comcast and others are going to lose money in the long run.
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