Saturday, August 8, 2015

'Cracks’ appearing in cable industry as Internet newcomers woo away viewers

From the Financial Post:
"Once the unquestioned leader in the delivery consumer video entertainment,  cable companies are facing unprecedented challenges from a slew of Internet-based newcomers like Twitch, Netflix and others, and the pressure is showing.
“'We are seeing some cracks in the industry,' Jeff Fan, an analyst at Scotia Capital, told an industry conference in Toronto on Monday. Market revenue growth has slowed and for the first time the percentage of Canadian households subscribing to cable services has started to decline, Mr. Fan told a panel discussion on the future of TV."

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