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Report: Netflix Poses Very Minor Threat To Pay TV
- Home Media Magazine , Wednesday, November 21, 2012 2:21 PM
Subscription VOD services like Netflix and Hulu Plus have had "little impact on cable, satellite and telecommunication premium television — despite scuttlebutt to the contrary," according to a report by London-based Futuresource Consulting, writes Erik Gruenwedel. "Indeed, premium TV continues to dominate the U.S. home entertainment industry, with 86% of homes paying for monthly bundled service. Revenue rose 4.3% in 2011 to reach $94 billion."
