Video Streaming could shatter the Cable TV Industry for Good
Stay at-home measures have given people endless time to consume and enjoy media from all platforms, but there is one clear winner: online streaming. Quarantine accelerated trends we were seeing before lockdown– that consumers were cutting the cord from cable and moving to online streaming. In the first quarter of 2020, Netflix gained 15.7 million subscribers, and Disney+ gained 54.5 subscribers in five months. Experts don’t know if television subscriber numbers will recover from these losses.
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