Netflix is streaming 250m hours of video daily, and YouTube is past 1b.
762k cable subscribers cut the cord last quarter. This is the worst decline to date.
Are price increases finally having an effect on cancellations?
I believe that cord shavers (lower cost plan) are a bigger short term problem than cord cutters (leaving pay tv).
Quote from David Zaslav — CEO @ Discovery Communications.
“Ultimately, there should be a bundle, like everywhere else in the world, that’s $8, $10, $12 and I believe that will happen. I think these overstuffed turkeys are going to end up being a challenge from a consumer perspective. And the consumer is going to say I would like to have an opportunity here.”