Fidelity Fund Managers Expect Cord Cutting to Continue to Grow At a “Record Rate”





Family Watching Television Together Arguing Over Remote

Family Watching Television Together Arguing Over RemoteMany pundits and even some studies suggest that cord cutting will slow down in 2019. Now, Fidelity says they expect cord cutting to not only continue but to grow in 2019.

“I believe cord cutting is increasing at a record rate, which is why I’ve been bearish on big cable and bullish on providers of lower-priced streaming-video services,” says Sonu Kalra, portfolio manager of Fidelity®Blue Chip Growth Fund.

Fidelity went on to point out the growth in live TV streaming services like Sling TV and YouTube TV. “I think this trend will continue in 2019 and beyond,” Kalra says.

Fidelity’s Kalra says that USB’s survey suggests that as many as “1 in 5 subscribers to cable and satellite TV are considering “cutting the cord” this year alone.” According to Kalra, “this trend has major implications for media companies, including the recent wave of mergers and acquisitions, as firms look to reshape their offerings.”

Cord cutting is continuing to grow and we can see why companies like Disney are quickly moving into streaming.

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