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Cord Cutting is Real: 1 Million TV Subscribers Lost to Streaming Services

suraj.sun (1348507) writes | about 2 years ago

Television 0

suraj.sun (1348507) writes "Netflix and Hulu are convincing millions of cable, satellite and telco subscribers to cut the cord and dive into video streaming. That's the conclusion of a new report released this week by the Convergence Consulting Group, which finds that 2.65 million Americans canceled TV subscriptions between 2008-2011 in favor of lower-cost internet subscription services or video platforms(http://movies.yahoo.com/news/cord-cutting-real-1-million-tv-subscribers-lost-230011290.html). Though Convergence co-founder Brahm Eiley projects that the number of people opting out of TV subscription services will begin to slow in 2012 and 2013. Part of the problem, Eiley argues, may be the rising price tag for streaming rights to programming which could cause fiscal fits for Netflix."
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