Tag: Inflation
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Survey Finds 30% of Cable TV Subscribers Plan to Cut the Cord Next Year
The trend of cord cutting won’t be slowing down, more cable TV subscribers expected to cancel their service in 2024. In a survey conducted by consumer experience consulting firm DISQO, 30% of cable TV subscribers said they would discontinue their service next year. The study, which canvased more than 3,000 adults from DISQO’s audience, also…
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Why Are Netflix, Disney+, Hulu and More Raising Their Prices? Skyrocketing Production Costs and Inflation Are Hitting Streaming Hard
Disney+, Hulu, Netflix and ESPN+ all raised their prices this month. This likely won’t be the end as the price of entertainment continues to ebb higher and higher. The companies all blame higher production costs. But it’s more complicated than that with an industry that had to contend with inflation, a boom and bust of…
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Americans Are Cutting Back Streaming Service Spending As Cord Cutters Become More Budget-Savvy
Consumers are using fewer – and spending less on – streaming services, but paring down subscription services and saving money doesn’t mean viewers are in an entertainment deficit. The average number of streaming services used by consumers decreased from 11.6 in the fourth quarter of 2022 to 10.9 in the second quarter of 2023, according…
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Cord Cutters Are Cutting Back on Streaming Services As Americans Navigate Inflation
Households are looking for ways to cut back on spending amid current economic uncertainties. Over the last few years, monthly spending on streaming subscriptions has declined 25% from $90 in 2021 to $73 in 2023, according to data from Parks Associates. On the flip side, more households reported using free ad-supported services by the end…
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Apple May Not Be Able to Save A Record-Low Year in Smartphone Sales
It’s not looking good for worldwide smartphone sales this year, with consumers seemingly less eager to pick up a new device. Global smartphone shipments are expected to drop 6% this year, the lowest since 2013, according to a report from Counterpoint Research. Data points to China and North America’s economic obstacles, but ultimately it comes…
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Why Are Customers Cutting Streaming Services? US Households “Spent $709 More Than They Did Two Years Ago”
With inflation taking a toll on American wallets, it’s no wonder many are reconsidering the number of subscription services they pay for. One analyst estimates Americans are spending a jaw-droppingly higher amount than just two years ago. The Labor Department released a report last week showing the Consumer Price Index – the benchmark for inflation…