Remarks
Cable Lost, But Streaming May Be Bleeding Out
No major subscription provider generates reliable profits.
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People have been talking about the streaming era for so long that it’s hard to imagine the tipping point just happened. In 2019 the rate of Americans quitting cable went from steady slide to avalanche. TV ratings continued to tumble. The three biggest U.S. entertainment titans made the jump into original streaming video, as did Apple Inc.
It’s time to really, truly declare that streaming won. Winning, though, has never looked this bad.