Sunday, April 25, 2021
Cord-cutting is expected to get worse in 2021 and 2022, offset somewhat by growth of virtual multichannel video programming distributors, according to a report from S&P Global states Broadcasting+Cable.
S&P said cable, satellite and telco will lose 8.2% of their subscribers in 2020 after losing 7.9% in 2019. In 2022, another 10.3% of subscribers are expected to cut the cord, continues B+C, which adds that the pay TV losses “are offset somewhat by growth among streaming distributors such as Hulu Live and YouTube TV (which) will grow by 15.7% in 2021 and 12.3% in 2022.”
The post also states: “Cord-cutting isn’t good for the television business, but its impact is company specific, S&P said.”
More here.