MULTIZ321
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More Than a Million People Ditched Cable TV Last Quarter - by Bryan Clark/ Insider/ TNW/ thenextweb.com
"As US cable companies continue their respective plots to stop the flight of paying customers, companies like Netflix, Hulu, Sony and others are reaping the biggest rewards.
Last quarter alone, an estimated 812,000 subscribers cut the cord on pay-television service, according to a recent study by consulting firm SNL Kagan. The number of cord cutters is representative of families that have elected to cancel bundled video service from cable, satellite or telephone companies.
But this isn’t new for cable companies.
“It is a bit of an acceleration and the biggest quarterly loss that we’ve seen,” says Ian Olgeirson, an analyst with SNL Kagan. “We are seeing a gradual increase in the decline rate.”
The year-over-year numbers are even more telling. Compared with the same period last year, cable companies have nearly 1.4 million fewer customers.
Richard
"As US cable companies continue their respective plots to stop the flight of paying customers, companies like Netflix, Hulu, Sony and others are reaping the biggest rewards.
Last quarter alone, an estimated 812,000 subscribers cut the cord on pay-television service, according to a recent study by consulting firm SNL Kagan. The number of cord cutters is representative of families that have elected to cancel bundled video service from cable, satellite or telephone companies.
But this isn’t new for cable companies.
“It is a bit of an acceleration and the biggest quarterly loss that we’ve seen,” says Ian Olgeirson, an analyst with SNL Kagan. “We are seeing a gradual increase in the decline rate.”
The year-over-year numbers are even more telling. Compared with the same period last year, cable companies have nearly 1.4 million fewer customers.

Richard