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The future is bright for Netflix and bleak for basic cable — these 3 charts show why (NFLX)





Reed hastings

  • Traditional pay TV faces a bleak future, a new survey indicates.
  • Nearly a third of consumers now say they don’t subscribe to any kind of multi-channel pay TV service.
  • Meanwhile, a plurality of US consumers say Netflix is the service they most frequently watch on their TVs, and it’s significantly ahead of basic cable service.
  • Among Millennials, Netflix’s lead is even larger.

We just got another glimpse at how much trouble the traditional pay TV business is in because of Netflix and online streaming.

The portion of US consumers who don’t subscribe to any kind of traditional pay TV service is now nearly one in read more >>>

Source:: BusinessInsider.Com

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