Telecoms and Satellite companies gained subscribers as cable providers took their biggest hit in over 30 years, losing almost 800,000 subscribers in the third quarter.
People are flocking to web based offering like Netflix and Hulu who offer unlimited movie viewing for less than $10.00 a month.
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The added feature on game consoles to view movie services, such as Sony’s Wii and Playstation are also on a sharp incline for precious subscribers who enjoy a selection of at least 70,000 movies and TV shows on demand and all at a very reasonable price.
Cable companies are fighting back by offering cable boxes that can access online movie and games, however, it may be a little to little a little late as the hemorrhage of subscribers indicates users are fed-up with the high cost of sticking with cable. Cable services can cost as much as $200.00 monthly and on demand movies are often an extra charge.