The cord-cutters have taken over.
In 2022, for the primary time ever, the proportion of U.S. households that subscribe to conventional pay TV providers dropped under 50%, based on Insider Intelligence. The corporate stated by the tip of the 12 months, solely 65.1 million households within the U.S. nonetheless had conventional pay TV, which was down 9% from 2021 for a complete of 49.7%.
Insider Intelligence—which makes its predictions and estimates for pay TV and OTT based mostly on evaluation of survey and internet site visitors information from analysis companies and regulatory businesses, historic developments, gross sales projections, reported subscriber numbers and a number of other different elements—beforehand predicted in September 2022 that conventional pay TV wouldn’t drop under 50% till 2023.
