Netflix surpassed cable TV users in America for the first time this quarter

IndianMascot

Core Member
Netflix, the king of video streaming services, has surpassed cable TV subscribers in the US, registering over 50 million users in the first quarter of 2017, according to a report by Statista and Leichtman Research Group. Top cable TV providers had a combined subscriber base of 48.6 million in Q1 2017. This is the first time that the industry has had net subscriber losses in the first quarter of a year.

This comes a few months after Netflix chief Reed Hastings announced that the internet TV giant was nearing 100 million subscribers globally. “While cable only represents around 50 percent of the US pay-TV market as a whole, it is by far the most popular way of getting pay-TV in the country. For Netflix to surpass cable is a big step in becoming the number one source of home entertainment,” stated Felix Richter, Data Journalist, Statista.

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Netflix competitor Hulu is growing as well, with over 12 million paid subscribers now. If we add that to Netflix’s 50.9 million, the increasing dominance of internet TV over traditional cable TV is clear. The sharp growth of on-demand video services this quarter is led by their aggressive pricing. Netflix and other subscription-video-on-demand platforms are reportedly much cheaper than cable TV. Interestingly, Netflix grew its base by expanding the market as opposed to snatching share from cable TV operators.


Source BGR
 

Aviral Sangal

EntMnt Ambassador
Finest Member
Hotstar just shows star network. Netflix doesn't show any channels instead they are creating their own content.
 

Omiee

Newbie
Amazing feat for Netflix!!
Most of the Americans i know subscribed it..
For repeating that kind of success in India is very challenging for Netflix!!
It always come up with exclusive series that people wait every season..
Some of my clients like the show and always asked about marriage arrange marriage.."Meet the Patels.". I guess this show is based on arrange marriage and they really liked it!'
I hardly know anyone in India who subscribed for Netflix.. Money is not an issue but the lack of content is..
 

Aviral Sangal

EntMnt Ambassador
Finest Member
Money is a big issue. Indian price is very high at the moment. Also our broadband situation needs to change and we need to have meaningful FUP or no FUP.
 
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