812,000 pay-TV subscribers cut the cord in the second quarter of 2016 | The Compost Bin | Forums

I don't see how cable is going to be around in the next decade, I have been building a kodi firestick and with sling and other options out there I don't see them surviving

The U.S. television industry continues to grapple with the flight of  customers who are ditching their pay-TV service at a rapid clip.

In a grim reminder of the challenges facing media companies, an estimated 812,000 subscribers pulled the plug on their pay-television service in the second quarter, according to a study by consulting firm SNL Kagan.

The figure represents a decline in the number of homes that received a bundle of video channels from a cable, satellite or telephone company compared with the first quarter of 2016.

“It is a bit of an acceleration and the biggest quarterly loss that we’ve seen,” Ian Olgeirson, an analyst with SNL Kagan, said Monday in an interview. “We are seeing a gradual increase in the decline rate.”

more http://www.latimes.c.....story.html