150,000 Cable Subscribers Cut The Cord Last Quarter

A report released Friday by the Leichtman Research Group says the 13 largest pay-TV providers — a group that includes companies like Time Warner Cable, Comcast and DirecTV — shed about 150,000 video subscribers in the most recent quarter, compared to just 25,000 in the same period last year. The Leichtman Research Group said this was a greater net loss of subscribers than in any third quarter going back to at least 2002, when the company was founded. To date, the greatest single-quarter loss the company has seen was a net drop of 350,000 subscribers in the second quarter of 2013. […] Statistics from earlier this year suggest that Hulu and Netflix may be eating cable providers’ lunch, and a study recently cited by Variety showed that the number of U.S. customers who say they’re planning to cancel their pay-TV plans is up from what it was a year ago — albeit only slightly. Quartz recently cited 2013 data suggesting that pay-TV subscriptions may have peaked in 2012. – Damon Beres,HuffPost Tech
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