Cord-CuttingAnd with good reason. Subscribers are leaving pay-TV providers en masse. The industry recorded its biggest decline ever in subscribers during the first quarter, according to an analysis by the Wall Street Journal. Sports cable network ESPN, once a star of the industry, recently laid off scores of journalists and on-air talent.
Rising StarMeanwhile, streaming service Netflix (NFLX) has about 100 million subscribers worldwide. True, analysts are worried about slower growth, but investors continue to love the stock.
TakeawayCall it the great unplugging. Consumers, turned off by high monthly cable bills and shoddy customer service, are starting to shift away from pay-TV providers. That could be good news for video-streaming services like Netflix, Amazon (AMZN) and Hulu, in my opinion. Photo Credit: Fernando Cesar Nox via Flickr Creative Commons
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