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Guru3D.com » News » Netflix subscribers about to surpass paid TV

Netflix subscribers about to surpass paid TV

by Hilbert Hagedoorn on: 12/22/2017 07:55 AM | source: | 8 comment(s)
Netflix subscribers about to surpass paid TV

Streaming video services have been steadily chipping away at cable’s dominance for years—and according to a new report, Netflix might soon surpass cable when it comes to subscribers.

A recent study conducted by PricewaterhouseCoopers as part of their Consumer Intelligence series found that Netflix is now neck-and-neck with cable TV. The survey of 2,000 adults found that 73 percent of respondents pay for linear TV (cable), down from 76 percent a year ago and 79 percent in 2015. On the flipside, 73 percent of respondents reported having a Netflix subscription. Netflix first introduced its streaming media product ten years ago.

A testament to the growth of streaming media more broadly, 46 percent of respondents in the PwC survey said they’ve cut or “trimmed” the proverbial cord in the past year. That’s bad news for cable providers, as nearly half of the adults interviewed reported a decrease (if not total elimination) when it comes to their cable viewing habits. 

Interestingly, streaming isn’t just for digital natives (millennials and Gen Z-ers) either. PwC concluded that there has been “an explosion of streaming for all ages,” and cited that 63 percent of respondents between 50 and 59 said they stream TV compared to 48 percent in 2016. For reference, 87 percent of those surveyed between 18 to 24 and 90 percent of those between 25 and 34 answered the same.

One of the main challenges posed by over-the-top TV and streaming video? Clutter. PwC’s study shows that, on average, U.S. adults utilize four services including Pay TV and digital platforms, though only two of these are utilized regularly. Further, only one-quarter of consumers say they can handle using more than four services on top of Pay TV.

As we’ve seen with other digital channels, social media included, the preponderance of choice seems to be a blessing and curse for consumers. With fragmented distribution comes new challenges when it comes to earning and keeping attention.







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Clawedge
Senior Member



Posts: 2586
Joined: 2006-09-02

#5503538 Posted on: 12/22/2017 11:29 AM
not surprised.. i have not even watched broadcast tv in over 2 years. all entertainment is now gotten online.

and i live in a 3rd word country

vonSternberg
Senior Member



Posts: 151
Joined: 2017-09-12

#5503563 Posted on: 12/22/2017 12:58 PM
These days you turn on your TV to watch your paid channels and first of all it has too many commercials, no thanks, I'm already paying to watch this. Then you scroll through all your 100s of channels and there NOTHING interesting, I don't want to watch some pawn shop show on the >history< channel, then when you find something interesting coming up you have to wait for Bridget Jones' diary that airs thirty times a week to watch it. They tied their own noose by not renewing themselves and of course, the incessant greed. :)

Amaze
Senior Member



Posts: 3982
Joined: 2003-11-15

#5503577 Posted on: 12/22/2017 01:49 PM
I cut my cable in 2006. It was kind of rough until Netflix came around, having to download everything.

Shevzor
Junior Member



Posts: 3
Joined: 2017-12-22

#5503662 Posted on: 12/22/2017 05:38 PM
Been using Netflix and Hulu for more than 5 years... Haven't had cable since than.

Chechar51
Member



Posts: 25
Joined: 2013-04-26

#5503712 Posted on: 12/22/2017 08:26 PM
I haven't used cable TV since 2010, when i had a hard time trying to aquire Internet service only since the operator was hellbent into forcing cable TV service on me alongside Internet service.
Very frustrating experience wich led me to insult a few operators

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