To some people, cutting the cord is a no brainer. With the economic slump, many have made due with Netflix, Hulu, among a bevy of other services.
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FCC Chairman Tom Wheeler Friday said the government planned to block the $45 billion merger of Comcast and Time Warner Cable because it would have posed “an unacceptable risk to competition and innovation, including to the ability of online video providers to reach and serve consumers."
Comcast Friday morning announced the deal was dead, citing government opposition as the reason.
Nearly three-quarters (72%) of consumers aged 14-25 regard streaming as one of the most valuable services, compared to just 58% who cite pay TV. These “Trailing Millennials,” said a new survey, spend 57% of their time watching TV programs on mobile devices and computers, far higher than other age groups.
Over-the-top video was identified as the biggest threat to the traditional TV industry in a recent survey. It also was identified as the biggest driver of innovation and a major opportunity.
Nearly 88% of respondents to Informa Telecom’s “Connected 100 Survey” identified OTT as the No. 1 key driver of innovation in the industry, followed by 4K/UHD video (77.5%). Linear TV was at the bottom of the heap, with only 7.5% of respondents saying they believed it was of growing importance.
Verizon today defended its decision to offer a “skinny bundle” of its own, saying it didn’t need to ask programmers for permission before reconfiguring more subscriber-friendly bundles, and said it was intent on giving consumers what they want.
“This is a product that the consumer wants,” Fran Shammo, Verizon’s CFO told analysts on the company’s earnings call this morning.