Streaming TV overtakes Cable TV

Get this – subscriptions to video streaming services such as Netflix and Hulu have overtaken cable subscriptions!!!

This info, according to the Motion Picture Association of America’s 2018 report, states 610 million people, more or less, commonly use streaming services such as Netflix, Hulu, Amazon Prime, etc.  And, this number is up 27% from 2017!!!

When it comes to streaming video, the MPAA reports that subscriptions surpassed cable television for the first time, with 131.2 million new subscriptions added, rising to 613.3 million worldwide, a jump of 27 percent over 2017’s numbers. The report says that cable subscriptions dropped by 2% to 556 million.

That said, despite that growth in streaming video and the small decrease in cable subscriptions, cable subscriptions still rake in the most money, increasing in 2018 by $6.2 billion to $118 billion.

After cable subscriptions, satellite TV brings in the next highest amount of revenue, while streaming video comes in third.

Get this (yes, I like to say ‘get this’…) – Americans spent more than $23 billion on streaming services.  $23 BILLION!!!

According to Clark Howard heard on WGNS Radio, Monday through Friday beginning at 11AM, the latest numbers from Nielsen indicate that 5.1 million American households are getting over-the-air reception with a digital antenna and using streaming service(s) as a supplement.  This trend is up roughly 25% over 2017, according to The Wall Street Journal.

Meanwhile, the average American household pays about $800 annually for cable and around $1,000 for satellite!

Still, a question remains – will the cost of ‘cutting the cable’ soon exceed the cost of cable itself?

New Old People by Comedian Lachlan Patterson

Lachlan Patterson shares how we will look at photos with our family and friends in fifty years.

Brief, clean and TOO FUNNY!!!

Comments are closed.