Tuesday, April 3, 2012

Over 1 million U.S. cable subscribers cut cord in 2011

According to Convergence Consulting,  2.65 million American multi-channel video service subscribers abandoned their video service between 2008 and 2011 and switched to over-the-top services such as Netflix.< By way of contrast, from 2000 to 2009 cable operators and satellite video providers added an average of around two million subscribers a year.

The report says that only 112,000 cable, satellite and telco TV service subscriptions were added in the United States in 2011, less than a third of the 380,000 added subscriptions that Leichtman Research Group reported in March 2012. 

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