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Cord-Cutters Drive Cable TV Subscribers to a 17-Year Low (houstonchronicle.com)
An anonymous reader quotes the Washington Post:
On Wednesday, AT&T told regulators that it expects to finish the quarter with about 90,000 fewer TV subscribers than it began with. AT&T blamed a number of issues, including hurricane damage to infrastructure, rising credit standards and competition from rivals. The report also shows AT&T lost more traditional TV customers than it gained back through its online video app, DirecTV Now. And analysts are suggesting that that's evidence that cord-cutting is the main culprit... "DirecTV, like all of its cable peers, is suffering from the ravages of cord-cutting," said industry analyst Craig Moffett in a research note this week. Moffett added that while nobody expected AT&T's pay-TV numbers to look good, hardly anyone could have predicted they would look "this bad."
The outlook doesn't look much healthier for the rest of the television industry. Over the past year, cable and satellite firms have collectively lost nearly 3 million customers, according to estimates by market analysts at SNL Kagan and New Street Research. The number of households with traditional TV service is hovering at about the level it was in 2000, according to New Street's Jonathan Chaplin, in a study last week. Other analysts predict that, after factoring in AT&T's newly disclosed losses, the industry will have lost 1 million traditional TV subscribers by the end of this quarter.
The outlook doesn't look much healthier for the rest of the television industry. Over the past year, cable and satellite firms have collectively lost nearly 3 million customers, according to estimates by market analysts at SNL Kagan and New Street Research. The number of households with traditional TV service is hovering at about the level it was in 2000, according to New Street's Jonathan Chaplin, in a study last week. Other analysts predict that, after factoring in AT&T's newly disclosed losses, the industry will have lost 1 million traditional TV subscribers by the end of this quarter.
last bill was 41% over last year's same month, same service, same channels. as i said, last bill.
Well, I dunno how things are there in the US, but if it's anything like Brazil (and I think it is), people should be celebrating on the streets.
Cable TV companies are oligopolies, some of the biggest companies in the country, and they abused their position in every way possible. Price gouging, exploiting legal loopholes for shady tie-ins, bundling sales, chopping up consumer rights in every way possible, offering the worst costumer service imaginable, using aggressive marketing tactics and whatnot.
And they constantly keep trying to change the rules and force the costumers to either pay more, or receive less, on lame justifications that they don't have enough money to upgrade their infrastructure, all the while posting record profits every year.
A whole set of consumer laws in recent years were passed because of them, including anti spam/telemarketing call laws, the entire net neutrality debacle, a bunch of stuff regarding how call centers should work to attend their costumers, etc etc.
Every year they come up to threaten yet another restringent rule that will kill connection for a significant portion of their users. As if they could re-write the contracts we agreed upon when signing up for the service.
The more market share for cable TV shrinks, the better for everyone as I see it. It'll be better for people who likes their cable, as the companies will have to fight to keep them and give them better service, and more options for us who never cared about cable in the first place.
I went over a decade having to pay for cable just because there was some shady bundling crap that made it cheaper to pay for the entire package rather than paying for Internet alone. The majority of the country are still stuck on this deal because they have no other options. Like I said, oligopolies. They will price fix, they will close deals behind curtains to dominate certain areas, they will exploit people as much as they can.
Fortunately, I moved to a place where there's fiber Internet available... jumped at the opportunity as fast as I could, it's like I'm finally getting what I pay for. No more unexplained outages, a fair working connection for the price I pay (which is lower than if I had to pay for the cable TV/Internet bundle), good costumer service, and no lies on speed, throttling practices and data caps.
Cable is convenient!
You can watch it on the box we approve, at the time we set, on the channel we set, at the resolution we set, on the box you pay to rent from us.
Don't like it at that time, pay to record it, don't forget you pay to record the commercials too.
Don't watch it in time, don't worry, rent the episode from us!
Don't like the content in SD? Pay more for HD, with HD commercials!
Don't like the channel, pay for the same channel, in HD, timeshifted, with timeshifted commercials!
100 Channels of crap
100 Channels of crap in HD!
100 Channels of timeshifted crap!
100 channels of timeshifted HD crap!
10 Channels of sports, but what you want to watch is blacked out!
10 Channels of radio, playing crap, and with commercials!
10 Channels of shopping crap!
Don't forget, we have tons of C-F grade movies, with lots of commercials, with the swearing cut out, and did we mention commercials?
We rotate in 1-5 A-B grade movies, but they are the same movies, the C-F grade movies get constantly added! You can watch Overboard! as many times as you can stomach!
All for a small monthly fee!
-Cable box rental fee
-Cable fee
-Fee payment fee
-FCC Fee
-FCC Surcharge
-FCC Levy
-FCC Premium
-Local Content Fee
-Local Content Improvement Fee Premium
Ditch netflix and their cheap boxes and sticks! Your good old clunky power-hungry cable box is where it's at!