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For the First Time, More Americans Pay For Internet Video Than Cable or Satellite TV

3 monthes ago   |   By Fortune

Cord cutting, or people dropping their cable or satellite TV in favor of online video alternatives like Netflix , has reached a critical milestone. For the first time, more people pay for a streaming service than subscribe to traditional pay TV, a new survey has found.
Sixty-nine percent of consumers pay for Internet video versus 65% for cable or satellite television, according to consulting firm Deloitte, which published the report on Tuesday. The proportion of people paying for Internet video has skyrocketed, while the proportion on traditional pay TV has dipped in recent years.
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