It's Official, Cord-Cutting is No longer a Myth

Leichtman Research Group released its latest analysis of the pay-TV industry today. What did their findings uncover?  Their review of the 13 largest multichannel video providers in the U.S., representing 94% of the market, lost a combined 345,000 net video subs in the second quarter. That compares to the 325,000 subs those providers lost in the second quarter of 2012 and 2011.

In a separate report published this month by IHS, they identified that Internet pay TV is leaving cable and satellite providers in the dust.  From April to June, Verizon Fios and AT&T each boasted a 300,000 increase in subscribers, while cable and satellite providers lost a combined 750,000 subscribers. The report credits the decline to consumers' opting exclusively for over-the-top devices or services such as Netflix to watch TV.  Snip-Snip.... More: MCN - 08/19/13 Major U.S. Pay TV Providers Lost 345,000 Subs in Q2