Silicon Valley Goes ‘All-in’ for Cord Cutters
Silicon Valley is going all-in for so-called “cord cutting,” as 65 percent of Internet users worldwide watched some type of streaming video-on-demand last month.
U.S. cable bills rose by 39 percent from 2011 to an average of $99 at the end of 2015, about 8 times the rate of inflation. The estimated preliminary average is up another 4 percent to $103.10 in 2016, according to Leichtman Research.
As a result of rapid price escalation, traditional pay-TV subscriptions peaked at about 90 percent of U.S. households in 2010 and are now below 75 percent, according GfK’s 2016 Ownership and Trend Report. – READ MORE