Cutting the cable cord and giving consumer market share to the newer, more efficient (and far less expensive) technology. TRENDING NOW.
It would appear that cable TV subscriptions are on the decline. This is due, in part, to various technological developments which make it easier to receive quality video content without subjecting one's self to the onerous subscription requirements associated with one-sided cable company contracts; it is also due to the fact that abuses of monopolistic power by cable service providers consumers upon consumers continue to go unpunished, and are ever-increasing. This is an important trend.
The possible good news in this trend is that alternative video media sources are cutting into cable's once-taken-for-granted market share, which may, in fact , encourage the cable service providers to reform themselves (at least to the minimum standard required) in order to slow down the erosion of their captive client base. This may be an important response to the anti-cable trend. Hopefully, it will benefit the consumers as a class.
An article excerpt follows for your review:
- Big markets see decline in cable subscribers
Cable companies' subscriber rolls fell 3.8% while satellite and telco providers picked up most of the slack in the first quarter across the 15 largest markets, according to SNL Kagan. There were there were substantial declines in New York, Chicago and Dallas. Overall, multichannel numbers were down 0.1%. Meanwhile, research from Diffusion Group found that Netflix users are twice as apt to drop or reduce their cable service, compared to 2010. Broadcasting & Cable (6/23), Broadcast Engineering (6/23)
It might be increasingly prudent to invest in companies which are involved in creating and marketing cable alternatives, and in mini-media (the type which you can enjoy on your iPhone, iPad or other mobile device.
If you are already in the applications development business, this may be a good direction in which to focus your attentions and energies. Faithfully,
Douglas E Castle, Chairman, TNNWC Group, LLC -- author of THE GLOBAL FUTURIST Blog
Note: This article, in a slightly different format, was originally published in the Comcast Complaint Center Blog
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