Streaming services threaten cable television’s existence

With the rise of streaming services, such as Netflix, Hulu, and Disney+, a movement emerged for cable users to “cut the cord” and cancel their
subscription. According to Forbes magazine, 69% of consumers pay for some type of internet video streaming service, while only 65% of consumers pay for cable or satellite subscriptions.

BLOT GRAPHIC BY LAUREN TARIGO

With the rise of streaming services, such as Netflix, Hulu, and Disney+, a movement emerged for cable users to “cut the cord” and cancel their subscription. According to Forbes magazine, 69% of consumers pay for some type of internet video streaming service, while only 65% of consumers pay for cable or satellite subscriptions.

Ryan Hart

With the mass increase of different streaming services, such as Netflix, Hulu and Disney+, becoming a more efficient way for people to watch their favorite movies and shows, cable television has been on a downward spiral. 

However, this does not necessarily mean that the benefits of cable television has been eliminated altogether. There are tons of things that common streaming services can’t provide that cable television can such as local news, live sports or almost any other movie or TV show.

Even though there are certain streaming services such as Sling TV or ESPN+ that provide live sports or news, having multiple streaming services will quickly become costly and inefficient. Unlike streaming services, cable provides a multitude of different programs all under one package deal. Thus, a client could get the best of all worlds while paying a much lower price.

That being said, the question that should be asked is whether cable television is ready to be cut off completely or if it still has value. It is safe to say that cable should remain a staple of household entertainment for another decade or so. 

According to Forbes magazine, 69% of consumers pay for some type of internet video streaming service, while only 65% of consumers pay for cable or satellite subscriptions. Even though streaming service subscriptions have overcome cable subscriptions in usage, there is still a clear majority of the population that find cable to be useful. 

After it all, cable television still finds itself useful and should continue to be accepted for years to come.

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