An estimated 26.7 million households will have stopped paying for cable, satellite, or telco subscriptions by the end of 2016, an increase of over 4 million U.S. households over 2014, according to Canadian research firm Convergence Consulting Group.
The number of cord-cutters quadrupled (try saying that four times in a row) in 2015, about four times the pace of 2014, per the firm’s research report, “The Battle for the North American Couch Potato.” Though pay TV revenue is expected to increase 2% this year, it lags the pace of over-the-top services, whose revenue is expected to climb 20% to $6.1 billion in 2016, reports Multichannel News. (On a personal note, I just re-attached the cord after cutting it two years ago. The verdict so far: Meh.)MB