Consumers Dropping Pay TV Services

[Watchman]

Consumers Dropping Pay TV Services

Patrick Seitz
Investors.com
August 25, 2010

The number of subscribers to cable, satellite and telecom TV services in the U.S. fell for the first time ever in the second quarter, according to research firm SNL Kagan.

The U.S. multichannel TV market lost 216,000 customers last quarter, vs. a gain of 378,000 a year ago. The total number of subscribers to cable, satellite and telecom video fell to 100.1 million in the second quarter, SNL Kagan says.

Cable TV firms lost 711,000 subscribers last quarter, while satellite and telecom TV services managed to add 81,000 and 414,000 subscribers, respectively.

Are more people moving to Internet-based TV?

“Although it is tempting to point to over-the-top video as a potential culprit, we believe economic factors such as low housing formation and a high unemployment rate contributed to subscriber declines in the second quarter,” said SNL Kagan analyst Mariam Rondeli.

 

[manokie]

Apple and Google are fanning this transition.. Together with Netflix and Hulu

I predict that in a few years, I should be able to watch any kind of TV on the internet. But I doubt it will be free. Even if it is, I expect to watch it with lots of advertisements.

 

[sherrry]

many of the yanks can't even afford a roof over their head, watching tv is already a luxury, let alone afford cable/pay tv.

 

[kiss]

hopefully those without rooftop yankies dont come to Sg.

The more i look at those yankies.. the more i find them dirty and unhygienic. Alot of them are quite disgusting in term of appearance.