Pursuits
Estimated 1 Million U.S. Pay-TV Users Cut Cord for Web in 2011
This article is for subscribers only.
More than 1 million U.S. pay-television customers dropped subscriptions in 2011, prompted by a flood of films and TV shows available online at services like Netflix Inc., according to a research report.
About 2.65 million subscribers to traditional cable or satellite TV service have canceled since 2008 to rely solely on Web-based choices, according to the estimate yesterday from Toronto-based Convergence Consulting Group Ltd. The dropouts include an estimated 1.05 million in 2011.