Netflix has definitely evolved tremendously from back in the day where they were renting out DVDs to customers. Now the company’s services are available pretty much around the world, where at a click of a button users can watch any movie at any time, binge watch TV series, and so on.
The company has also been successful at creating their own TV shows, many of which have gone on to be huge successes in their own rights, which is why it isn’t surprising to learn that Netflix has more subscribers compared to cable TV in the US. In a report from Leichtman Research, cable TV subscribers in the US have been on the decline over the years and have recently dropped to 48.61 million subscribers in 2017.
This decline has also allowed the likes of Netflix to surpass them in which based on the numbers, Netflix is now boasting 50.85 million subscribers in the US. However the research notes that this does not include smaller cable networks which is believed to account for 5% of cable customers, but regardless this is still an impressive feat for a single company.
It is no surprise why Netflix has inspired other companies such as Apple to get into original programming. If anything this is definitely a sign of how things are changing in terms of how we approach entertainment, and while cable companies aren’t exactly at risk of shutting down anytime soon, perhaps some might want to start thinking of how they might be able to appeal to the younger and more internet-savvy generation.
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