Netflix, Hulu, Amazon Prime, and other video streaming service subscribers now outnumber their cable subscribing counterparts.
According to a report by the Motion Picture Association of America, online video subscriptions surpassed the number of cable customers in 2018.
The MPAA’s report says there were 613.3 million online video service subscriptions as of last year, a 27 percent increase from 2017. Those 131.2 million new customers helped video streaming services exceed cable’s 556 million subscribers for the very first time.
Also assisting video subscription services in surpassing cable: cord cutters. Cable’s overall customer base fell 2 percent in 2018, according to the MPAA report. Read more…
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