2015 is continuing to be the year of the Cord Cutter as more and more signs point to the death of cable TV. Edgadget recently reported that Comcast now has 22.55 million internet customers as compared to just 22.3 million TV customers. While this may seem to be a minor margin of victory, it marks an earth shattering moment for companies like Comcast who have pushed TV as their core business model.
Comcast is not alone in seeing dramatic losses of pay-tv subscribers. In the 4th Quarter of 2014 the top 13 cable and satellite companies lost a combined 150,000 pay-tv subscribers. Time Warner Cable alone lost 38,000 residential pay-tv subscribers during that period.
While this may seem all bad news for cable providers, they are getting substantial growth in internet services and VOIP services. Subscribers are now seeing cable companies as their best option for internet and phone service.
It is apparent that consumers are beginning to see pay-tv as redundant; why pay for shows and movies when they already pay for internet and services like Netflix? Increasingly the need to have Comcasts or Time Warners pay-tv service seems to be a thing of the past as the cord cutting movement continues to gain momentum and change the future of television subscription services.