Comcast has some company in the land of cord-cutters. One day after we reported Comcast’s Q2 2012 earnings showed a drop in nearly 400,000 television subscribers in the past year, two more cable giants disclosed the same problem.
Time Warner Cable lost 169,000 residential video subscribers
DirecTV isn’t doing well either. The company reported a loss of 52,000 subscribers in Q2.
These numbers aren’t a surprise. The numbers have been on a slow descent for years, and investment research group ISI predicts the numbers will only continue to go downhill in the future.
However, not all news was bad. Customers are switching from TV to the web for their video entertainment.
Internet customers are on the rise across providers–TWC saw an increase in broadband subscribers (59,000). You can view Comcast’s jump in numbers below.
Photo: Comcast press release Q2
The rises in Internet customers mixed with drops in television subscribers, portend the long-awaited convergence with the Internet:
- Sony’s been selling a Google TV, which combines the capabilities of high-speed Internet with television–much easier than hooking up our Macs and iPads to the flat screen to watch the Olympics live.
- Every week it appears another big name Hollywood actor has signed on for a new web series. Sofia Vergara’s son Manolo has “Mi Vida con Toty,” Ashton Kutcher just released prankster show “Prank Lab,” and Ricky Gervais announced a comedy web series earlier this week.
- Add this to the long list of actors including Stephen Moyer, America Ferrara, Julia Stiles, and Jennifer Gardner who have signed up to appear on YouTube’s original channel WIGS.
There’s no escaping the Internet. Evolve or dissolve.
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