The major studios sabotaged the dream of a la carte programming and are now attempting to transform streaming into cable television via an ethernet connection instead of coaxial.
Traditional pay television subscribers are in freefall—the rate of subscribers canceling their service accelerated by more than 70% last year.
There is even more bad news for pay television providers. Unlike 2017, subscribers signing up for cheaper online television bundles are starting to contract.
Netflix’s top executive endorsed the pending $55B Charter and Time Warner merger, saying he views it as a positive development for streaming video.