Is Netflix Killing Cable TV?


I am usually good at predicting the potential for most technologies in the market, but I just didn’t see this one coming so early.  An alarming survey by Credit Suisse on 250 Netflix subscribers shows about 37% of Netflix subscribers aged 25 to 34 have canceled their pay-TV services in favor of Netflix’s streaming service.

Nearly 30% of 18-24 year-olds said they are opting for Netflix over cable. The company recently debuted applications that allow the video streaming service to also be accessed on the iPhone and iPad.

Credit Suisse also maintained that the content and cable kings are not necessarily overthrown yet. Their survey found that just 17 percent of Netflix subscribers of all ages and incomes are substituting that service for cable.

This should serve as a wake up call to the broadcast networks and cable companies that they need to take control of their revenue destiny right now, while they still have some negotiating power.

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About Elias Shams
I have been a serial entrepreneur in telecom and social media space for past 12 years or so. I hold a M.S. degree in Telecommunication Engineering from the George Washington University and a B.S. degree in Electrical Engineering from the University of Maryland. I’ve lived and worked in many countries and cities including London England, Tehran Iran, Bonn Germany, Paris France, Alicante Spain, Delhi India, and my favorite of all Washington, DC of great US of A. Two of the greatest Washington, DC based companies I worked for and very proud of are Yurie Systems which was sold to Lucent in 1998 for $1.23 B and telezoo.com that I founded in 1999. I am currently the founder and awesomizer @ awesomize.me

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