Cord Cutting Accelerates Faster Than Expected, As Cable Still Refuses To Compete On Price
https://www.techdirt.com/articles/20180724/10274640301/cord-cutting-accelerates-faster-than-expected-as-cable-still-refuses-to-compete-price.shtml
As we just got done noting, roughly 5.4 million Americans are expected to cut the TV cord this year, thanks largely to the rise in cheaper, more flexible streaming TV alternatives. And while some traditional cable TV providers have responded to this challenge by competing on price and offering their own cheaper streaming alternatives (AT&T's DirecTV Now, Dish's Sling TV), most of the cable and broadcast sector continues to double down on the very things causing this shift in the first place. Like a refusal to invest in customer service, an obsession with mindless merger mania, and seemingly endless price hikes.
Companies like Comcast have tried to stall this natural evolution by striking marketing partnerships with Netflix and including Netflix in their set top boxes, in the apparent hopes that users won't get rid of traditional cable if they're already getting Netflix as part of their monthly cable, broadband, and phone bundle. But data released this week indicates that this effort to stop cord cutting by cozying up to Netflix isn't really working, and cord cutting is accelerating at a rate notably faster than many analysts predicted: