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Submitted via IRC for TheMightyBuzzard
According to Leichtman Research Group, the country's largest cable TV providers, representing around 95% of the cable market, had 48.6 million subscribers at the end of March, while Netflix had 50.9 million customers on its home turf.
While cable only represents around 50 percent of the U.S. pay-TV market as a whole, it is by far the most popular way of getting pay-TV in the country. For Netflix to surpass cable is a big step in becoming the number one source of home entertainment. Interestingly, Netflix reached that goal mainly by growing its own subscriber base rather than by having people "cut the cord". Major cable providers only lost 4 million subscribers since Q1 2012 – Netflix added 27 million.
Source: https://www.statista.com/chart/9799/netflix-vs-cable-pay-tv-subscribers/
(Score: 2) by hemocyanin on Saturday June 17 2017, @02:58AM
Netflix in my opinion, has reached a very fair balance between convenience for the user and desires of the content producers. The price is very modest -- $12 month and you can watch 4 different streams simultaneously on different devices and you can even download (at least some) stuff now for offline viewing. That's three lattes or six drip coffees per month, for a wide enough selection that I can always find something interesting.