Posted on 08/19/2022 2:00:33 PM PDT by Hojczyk
Consumers continue to dump their cable and satellite subscriptions at an accelerated pace as the industry continues to see a fall in earnings across the board and for the first time ever, more people are watching on streaming than on cable.
According to the Hollywood Reporter, earnings are down for the second quarter.
Comcast, Charter, Cox, Altice, DirecTV, Dish, Verizon and Hulu’s live TV, all lost subscribers. Comcast was down a whopping 500,000 subscribers while DirecTV was down 400,000.
Wells Fargo analyst Steven Cahall add that the 2,256,000 decline on subscribers is the worst fall on record. Cahall also noted that the industry has retracted from its original saturation point seen back in 2015.
“From a peak of more than 100 million in 2015,” Cahall wrote, “pay TV subs are now about 82.5 million, and we estimate penetration to be around 55 percent of TV households, down from a peak of 81 percent.”
Cahall went on to project an even larger drop in 2023 to 6.7 percent while 2024 will likely see a 6.9 percent decline.
The analyst concluded saying that cord-cutting has worse financial consequences for Fox Corp., Paramount Global, and AMC Networks due to their lack of diversity compared to companies such as Comcast and Disney.
(Excerpt) Read more at breitbart.com ...
I know I did - by the time I told Dish Network to take a hike I was paying $120 a month and was watching literally nothing but TCM and Weather Nation - and was getting more and more irritated at the woke crap coming out of TCM.
Good for the money....was 60 bucks a year when I got it.....
Heartland is a good series.....fifteen seasons CBC filmed in Alberta Canada
I don’t have cable TV.
But I don’t why they call it cord cutting.
I stream to a Roku device with the internet provided by ... Spectrum.
When you live out in the country, streaming is not much of an option. Even satellite internet is too slow to stream.
Problem is companies like Paramount and Disney are bundling channels so we go right back to non-ala cart and pay more for what we don’t want and subsidize crap thru these subscriptions (like cable does with MTV2, 15 ESPN channels, QVC, CNN, etc...)
I cut the cord in 2008, the year the first Roku came out. Roku + Kodi has everything one could possibly want and is far less expensive than cable.
The problem is that you have to subscribe to multiple services to watch all the programs you want.
Typically, one of the first things cut in a bad economy are subscriptions, of any kind, and that’s in part, what we are seeing. On the other hand, you have people like me who have run away screaming from a cable subscription (DirecTV) years ago. Nothing but tons of commercials and leftist indoctrination and pablum. Minorities apparently make up 98% of the population. Who knew. It’s just complete fantasy stuff disguised to appear as reality. And that’s just one example.
However, I don’t see much of a net benefit to society if people are dropping, say DirecTV or Comcast, and simply signing up for Disney+ or any other leftwing propaganda fire hose.
Simple solution. Don’t sign up to pay for companies like Paramount and Disney.
I’d cut mine, but I live in an apartment and can’t get internet otherwise.
Found a couple dozen channels that on my cable service here
https://ustvgo.tv/fox-news-live-streaming-free/
The only time I had cable was the year it came with the rent. I hate being at someone’s house that has cable news on.
I’ve been streaming with subscriptions and a Roku for 10 years. (I found the first show I watched and it aired in August 2012). The nice thing is that I can hop around and cancel if one doesn’t have good stuff. The most I paid is about $40 a month. I am down to one I pay $7 a month for due to Bidenflation.
Last night I happened upon a late night talk show. It’d been a really long time (maybe Jay Leno the first round?) since I’d seen one. The host was OK off script. On script was terrible. Nothing was funny. If the rest of cable, etc is like that why bother? I prefer a little good music and an activity.
I just got starlink. Had it 2 weeks. Will be dumping viasat in a month. Also I bought a Walmart router and it uses a phone Sim card. Both are better than my 136. Viasat bill.
Dropped cable except for internet 5+ years ago. We mostly watch OTA TV. We get ~30 OTA stations in a semi rural area.
That’s how I watch fox
We are moving to a pay on demand model for streaming. If you want to watch "Better Call Saul", pay a few dollars to stream it. No need to pay $150 a month to get a bunch of garbage on 400 channels - 99% of it you will never ever see.
EXACTLY..
We subscribe(d) to:
- Paramount Plus - bunch of old shows including Seal Team (really good)
- Starz - to watch Outlander (since caught up, so cancelled)
- Peacock - Chicago Fire (fantastic), AGT streaming, Friday Night Lights (absolutely fabulous but recently finished)
- Amazon Prime Video - because we have Amazon. The Terminal List is outstanding.
- HBO Max - will need to subscribe to watch latest GOT prequel
- Hulu - will need to subscribe once we're done watching S1 of The Americans..I stupidly bought that on Amazon before I realized I could get all of Hulu (including all seasons of The Americans) for less than 1 season on Prime
Sounds like a lot, but we literally watch about an hour of TV a day. It's just that we want to see certain shows, and they are ALL on different streaming services.
I don't even want to think what all that is costing every month IN ADDITION to my cable TV (need for Fox News at least - we watch Tucker every night) and internet bill. Ugh.
Unless you’re coming off of a satellite dish or you’re tired of your mobile service you’re probably using cable. Maybe not for TV, maybe for Internet only but it’s still cable, there has been no cords cut.
hey i only beat you by a year, 2007 for me
we are real trendsetters
we were cord-cutters before it was cool
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