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How Cord-Cutting Affected the Media Sector in 2017

Sean Allen
How Cord-Cutting Affected the Media Sector in 2017

High prices for cable TV led to millions of Americans—young and old alike—to cut the cord on their cable services last year. Viewers now have an increasing choice of streaming services over the Internet, including Netflix (NFLX), Amazon.com’s (AMZN) Prime Videos, and others offering quality content at a lower subscription price than what cable providers charge. According to estimates by research firm eMarketer, 22.2 million American adults cut the cord on cable or satellite TV services last year.