According to the report of Business Insider, The recent report in April it is unveiled there are almost 25% of the US households that didn’t rely on the traditional TV subscriptions. The mostly liked services are Netflix and Amazon Prime Video and such type of streaming services trend are going rapidly increasing and at the end of the year 2017, these services become more popular.
“We estimate 2016 saw a decline of 2.05 million US TV subscribers, 2015 saw a decline of 1.16 million, and forecast a decline of 2.11 million TV subscribers for 2017,” reads a report by The Convergence Research Group published in April. The study is titled The Battle for the American Couch Potato: Online & Traditional TV and Movie Distribution.
According to the researcher’s report, at the end of 2017, there are almost 24.6% of US users will not more go to TV subscriptions. They don’t have any interest where who is the provider like cable, satellite or other service providers. In 2016 the ratio was near about 22.3% and now at the end, the ratio will increase and the same trend will be increased within the coming few years.
— The Daily Caller (@DailyCaller) April 25, 2017
If we review the profit and growth of the cable industry, the overall industry earns more as compared to the last year earnings. The Industry as a whole earns the profit of $109.6 billion as compared to the last earnings about $107.3 billion and the more than the 3% of revenue generated in the year 2015.
Moreover, from the research, yet the cable industry is in the stage of the growth, but the rate of growth is less than the other popular services like Netflix, Amazon Prime Video, Hulu, Apple TV, and HBO Now. You can share your opinion about the TV subscriptions with us by leaving the comments in the comments section given below!