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Cord-cutting isn’t just a hypothetical dream anymore. It’s happening all over the country and the numbers are accelerating Considering Canceling Cable? The True Cost of Cutting the Cord Considering Canceling Cable? The True Cost of Cutting the Cord When you add everything up, do you really save money by cutting the cord? We do the math involved with cancelling cable in favor of Internet services. Read More at speeds no one could have foreseen or predicted. The new age of online streaming is already here and it’s here to stay.

Need some hard proof? Keep reading.

1. Netflix is still growing — significantly. In Q1 of 2015, Netflix’s membership grew by 4.9 million subscribers. In the quarter before that, membership grew by 4.0 million subscribers. In total, Netflix now has over 62 million users all over the world (and 40 million of those users in the U.S.).

It’s not so surprising when you consider that most users think Netflix has the best online streaming content Netflix vs. Hulu vs. Amazon Prime: Which Should You Choose? Netflix vs. Hulu vs. Amazon Prime: Which Should You Choose? It has been years since we've compared heavy-hitting streaming services, Netflix, Hulu, and Amazon Prime. And with changes in pricing, content, quality, and interface, we thought it was time to revisit the topic. Read More and that their pricing is extremely fair.

cord-cutting-stats-netflix

2. Pay TV subscription rates are dropping like flies. In Q2 of 2015, the pay TV industry (which includes cable, satellite, and telco TV) lost a total of 566,000 subscribers. Compare that to Q2 of 2014 when they’d lost a total of 321,000 subscribers. The attrition rate is increasing at alarming speeds.

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And it’s made worse when you realize that Q2 is usually the most stable quarter for the Pay TV industry. Ouch. It’s time to start switching over to these alternative streaming channels Cut the Cord Forever With These 15 TV Streaming Channels Cut the Cord Forever With These 15 TV Streaming Channels Cable TV is in decline, as the internet provides cheap, on-demand entertainment. Here are 15 of the best TV streaming services to help you cut the cord. Read More .

cord-cutting-stats-tv-graph

3. Almost every single age group is watching less TV. In Q2 of 2015, the only age groups to watch more TV in a month were 50 to 64 and 65+ — which means that people between the ages of 2 to 49 all watched less TV.

According to the same report, there viewers are actually spending more time watching entertainment, but their time is spent on sites like Netflix, Twitch, and YouTube.

Want to slash your household expenses How to Slash Your Household Expenses in 7 Easy Steps How to Slash Your Household Expenses in 7 Easy Steps Tired of seeing all of your income go towards bills and expenses? You aren't alone. We show you some of the best ways to slash your household expenses. Read More ? Start by cutting the cable cord now. You’ll be surprised by how much money you’ll end up saving.

What will it take for you to cut the cord? Have you already? Share with us in the comments below!

Image Credits: Avatar on Tablet by Twin Design via Shutterstock, Netflix on Phone by Twin Design via Shutterstock

  1. Mary Estevez Tunstall
    November 28, 2015 at 4:51 pm

    I cut the cord due to "outrage" several years ago I started with basic cable through Comcast Ten ninety nine per month then you had to have the box twenty nine ninety nine per month then thirty nine ninety nine then out of the blue hello that was a special you now have to pay seventy five dollars per month and this was only basic cable no extras I don't steal or download anything NBC The CW and more allow you to watch stuff on their websites want to watch movies there is you tube crackle and more If I have company it is very easy to go rent a movie from Redbox for a dollar Maybe if everyone gets outraged enough and cuts the cord companies will change the way they do business I also hate the fact that to stay on track to watch TV you have to upgrade TV's every time you turn around bad enough you have to do it with cellphones I cut the cord on that one too times are hard if I have to choose I choose cutting the cord I have MS and just battled cancer this year it sucks!! I cannot work anymore cutting the cord gave me money to actually battle Cancer and buy healthy food and vitamins!!!

    • Joel Lee
      December 3, 2015 at 3:33 am

      I can relate to your pain. It really sucks that cable companies can do those things to their customers, and it sucks that we have so few options that we can't really go anywhere else.

  2. Randall
    November 27, 2015 at 4:15 pm

    P.S.- I'm still dreaming of the day I can add catalogs from Netflix, Hulu, Amazon, and Vudu to a Kodi library so I can browse them all at once via a single, unified, visually appealing interface and use favorites for a universal queue. It's not going to happen, but I can dream. (PlayOn at least comes close but no cigar.)

  3. Randall
    November 27, 2015 at 4:06 pm

    We haven't had cable tv in a decade. Price was the prime factor driving us away, but not the only factor. It's been so long ago, I can't remember specifics, but the customer service experience was very off-putting. Sports and TCM were draws back, but not strong enough draws. The only thing that would tempt me back at this point would be some sort of a-la-carte package combined with streaming options. That and maybe a user experience that goes beyond simply delivering content to contextualize and augment it a la TCM or Criterion. Even that's a big "if" though.

    This isn't directly relevant to the point, but I would add too that I do not (and have not) steal content (stolen). It's shocking to me how nonchalant people are about doing so, but, hey, I'm old school I guess. Seems wrong to me.

    • Kelsey Tidwell
      November 28, 2015 at 10:58 pm

      There are a LOT of things considered "old school" nowadays that should still be what I'd call core values. Inviolable. Stealing seems wrong to you because it IS wrong. And it always will be. It's just never going to be cool to think that way, and it's definitely not politically correct.

    • Joel Lee
      December 3, 2015 at 3:28 am

      Oh yeah, customer service is definitely a headache. If cable companies adapted with a-la-carte packages 5-10 years ago, Netflix never would've taken off. But now it's just too late. Netflix is winning!

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