Netflix, Hulu and Amazon Prime combined Outnumbered Cable Subscribers

If you are fan and user of online streaming services like Netflix, Hulu and Amazon Prime, you should be cheering up because online streaming outnumbered cable customers.

Netflix, Hulu and Amazon Prime combined surpassed Cable Subscribers

As stated in a report by Motion Picture Association of America, overall number of streaming subscribers crossed the number of cable subscribers in 2018. Now that is 2019, you could imagine the distance should be increased.

The rise of 27% observed from 2017 in year 2018, with 613.3 million subscribers of video services like last year and surpassing 556 million people those who subscribe to cable. Of course few the these people subscribe to both.

The cable subscription is at downfall and the revenue of cable services seen $6.2 billion increase compared to last year, and in combined it was $118 billion. Online streaming service subscriptions generated less than $40 billion in revenue last year.

Hence, it is clear the online streaming services like Netflix, Amazon Prime and Hulu are future of entertainment, but they are not making as much as they should. At least in terms of number of subscribers they have. However, its good for us that they are providing services at far better cost compared to cable operators but not these services. If you are online streaming love check list of 15 Best Movie Streaming Sites To Watch Movies For Free 2019.

These are few facts mention in report:

  • In 2018, combined theatrical and home entertainment consumer spending globally reached $96.8 billion, overall 9% increase from 2017.
  • In 2018, global home entertainment consumer spending (content released digitally and on disc) reached $55.7 billion, 16 percent increase compared to 2017.
  • In United States, home entertainment consumer spending increased to $23.3 billion account for 66 percent of combined theatrical and home entertainment consumer spending.
- Advertisement -
c5d094d2086cdf56ad5c1380e5317d2e?s=96&r=g - Netflix, Hulu and Amazon Prime combined Outnumbered Cable Subscribers
Adeel Younas
Editor-in-Chief at TechWafer (previously The Tech) an Entrepreneur, Blogger, Developer, and Freelancer.

Recent Articles

Lenovo unveils Legion Pro Transparent Edition and It’s lit

Lenovo unveiled a transparent edition of the Legion Pro gaming flagship a smartphone with Snapdragon 865+ chipset. The X-shaped middle part now becomes see-through...

Vivo Finds: How 6G Could Shape the Digital Life After 2030

While 5G has just started large-scale commercialization around the world, the industry’s research and exploration of 6G is on the agenda. The Vivo Communications...

Realme C15 Qualcomm Edition Has Snapdragon 460 Chipset

Realme unveiled the C15 Back in July this year - It was an entry-level phone with a 6,000 mAh battery packed with Helio G35...

PUBG Mobile Halloweeks Mode Update is Here

PUBG MOBILE is amping up the tricks and treats right in time for Halloween with the introduction of “Halloweeks Mode,” a new themed gameplay...

How to Encash Prize Bonds in Pakistan [Three Methods]

If you want to refund/encash your purchased prize bond, but don’t know how to do it, then don’t worry. We are here to help...

Leave A Reply

Please enter your comment!
Please enter your name here