Over 39 Million Americans Are Planning to Cancel Cable TV As Cord Cutting is Set to See Explosive Growth in 2019


By

on

in

,

Cutting the cable connection to coax connector illustrating people cancelling cable TV service

Cutting the cable connection to coax connector illustrating people cancelling cable TV serviceThis week UBS released their latest survey looking at the current state of TV consumption. In it, we get more bad news for the cable TV industry.

According to UBS, 20% of Americans plan to cut the cord in the next 12 months from the time the survey was taken. This works out to be over 39 million Americans actively planning on cutting the cord. (According to Variety, there were over 196,300,000 pay TV subscribers at the end of 2017.)

With over 39 million new streamers getting ready to hit the market you can understand why a flood of new streaming services are trying to take advantage of the growing number of cord cutters.

There are already a reported 30 million to 35 million cord cutters in the United States. An additional 39 million could push cord cutting close to 70 million Americans.

Even if just half of them cancel traditional pay TV, it would be a devastating year for cable TV. With the current number of live TV streaming subscribers being under 10 million, this mass exodus could also easily double the number of Americans currently subscribing to a live TV streaming service like Sling TV, DIRECTV NOW, and Hulu.

Source: FierceVideo

Did you know we now have a FREE app for iOS, Android, and Amazon Fire? Click HERE to download our app.

Please follow us on Facebook and Twitter for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.

Disclaimer: To address the growing use of ad blockers we now use affiliate links to sites like http://Amazon.com, streaming services, and others. Affiliate links help sites like Cord Cutters News, stay open. Affiliate links cost you nothing but help me support my family. We do not allow paid reviews on this site. As an Amazon Associate I earn from qualifying purchases.

Subscribe to Our Newsletter

* indicates required

Please select all the ways you would like to hear from :

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.