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 ...
Your description/wording of why you left your cable provider sounds like some of our 40-70+ year old relatives, who pay out the nose for their cable, and they seldom watch what is on. Except they are paying a lot more month and seldom using cable.
“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.!”
My wife and I are amazed at friends and relatives who still complain about getting nothing on their expensive cable and still paying their increasing monthly costs.
Streaming is the closest thing we have to ala carte TV.
Cable cut their own throats by frequent price increases that priced them out of the market. Then when COVID hit, the quality and quantity of TV programming plunged. Channels were clogged with reruns and cable still raises prices.
Have you tried C-band I had it once it wasn’t bad 25 channels per satellite with 10 satellites to use gave it up because of the band switch time.
Some channels had CCTV of the white house drive was to doors and a lot of odd things.
I read not long ago that there's a minimum number of subscribers, I believe about 65 million, below which it's not worth it for the cable providers to continue broadcasting.
The cable companies are concerned about "cord cutters" but they're far more worried about the "cord nevers".
“On demand is where it’s at!”. Love discovering a show that has 5 or 6 seasons stored up. The stuff you WOULD watch live is usually available on a streaming “plus” app within 24 hours of original airing.”
My wife jokes about growing up in a farm town, and everyone was in bed by 9 pm.
A couple of decades ago while she still was working she spent a lot of woman hours trying to get on demand tv shows.
She would ask the service to let her use the shows on Central Time as we lived in California. Of course, they said that was not possible.
So my selling point to her re cutting the cable, most shows we liked could be seen at anytime by streaming. She loves the shows with multiple seasons waiting to be streamed, when we want to watch them.
We “cut the cable” 6+ years ago and haven’t missed so called live for a sec..
I suggest cutting both.
Same here. I don’t watch a single thing on network TV. At one time I watched FNC, but cut them out as soon as Chris Wallace tried to help Hillary vs Trump in the debate.
Exactly, I was telling an associate of mine just today that I don’t believe I’ve watched a television show from beginning to end since 1995. That’s 27 years.
I’ve not had a functioning TV in my house since 2011.
My reasons are three: 1. in your face LIBERALISM 2. a commercial every 2 minutes! 3. non stop disrespect for America
Lol, what’s to miss?
I cut Comcast for tv, but kept it for the internet. I bought an antenna and a ROKU, plus subscribed to SLING TV, and maybe I’ve got way more tv than I’ll ever watch, but the choices are far better and cheaper than what I had with Comcast.
I’m a little bit Asperger’s so keep lots of lists. My list of shows I want to watch is easily over 100. Now there is too much content that one could never watch it all before they die. Makes it easier for giving up on shows. Now I give shows 2 episodes and if at episode 2 I am not sure, I just give up on it. Did that with Star Trek Discovery, the Strain, van helsing, the Boys, Bates Hotel, Marco Polo, ect....
Really wanted to like the The Boys but I couldn’t get over the strident anti-Christian propaganda.
Cable TV: The new Blockbusters.
Gone years ago. Neuro Conditioning Control for the Antichrist .
No Prince and Power Spirit here.
I’m a TV and movie nut, so held on until the woke programs became too much to bear. We cut all American TV and went to binging British TV on DVDs, then those starting going, too. Thought I was going to lose watching anything until I discovered Chinese and Korean dramas. Reminds me of when I became obsessed with Star Trek and Starsky & Hutch and Due South and Man from Uncle and shows like that.
We got full subscriptions to viki.com (majority Korean) and iq.com (majority Chinese) for somewhere around $10-12/month each. Am back in my complete obsession stage. Watching from wakeup to bed and absolutely thrilled by the quality of production and the writing. My only problem is that too often they want to forgive the villains instead of letting them get what’s coming to them. Great TV is available again!
Descendants of the Sun - I Will Hold My Ground - Darryl Worley
https://youtu.be/GSMDQoTlNK8
Guardian - Holding Out for a Hero - Bonnie Tyler
https://youtu.be/lJ69OAj30jM
Boys Over Flowers - I’m Your Man - Leonard Cohen
https://youtu.be/1QpcObyIMcw
Bromance - Heroes and Friends - Randy Travis
https://youtu.be/qPKQvl4cRVw
Put Your Head on my Shoulder - Forgiveness - Sarah McLachlan
https://youtu.be/6qvVSZybbfI
My TVs have been dark for a couple of years, except for the big screen which gets ROKU.
100 channels of cable and nothing I want to see.
Always something on u-toob.
I have heard some good things about tesla’s service out in rural areas. Better than what others offer, if they offer anything.
been 12 years for me. Cable is THE biggest rip off known to mankind!!
Indeed. That is ridiculous.
No fiber or DSL providers? I know some DSL is garbage but some providers do provide decent service.
One option only in my complex. I’m thinking about moving, as I work completely remote now.
Have you looked into Starlink? I think it’s $500 upfront and $100 a month or so after that. But it’s not available in all areas. I can’t get it yet.
I not only cut the cord, I unplugged the TV. There is nothing on TV that interests me, period. And I don’t miss it one bit.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.