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Streaming subscriptions overtook cable in 2018

Streaming subscriptions overtook cable in 2018

Cable companies have been nervous about streaming services for a while , but now they have a particularly good reason to be jittery. An MPAA report citing IHS Markit data has shown that there were more subscriptions worldwide to online video services (613.3 million) than there were for cable (556 million) in 2018, reflecting a 27 percent jump in streaming over 2017. Cable subscriptions dropped two percent in that period. IP-based TV overtook satellite, too, indicating a larger overall shift to the digital realm.