Decline of Cable Networks and Rise of Streaming Services

SOURCE www.breitbart.com
Cable networks like CNN and Comcast are being spun off due to declining viewership and the rise of streaming services, forcing Hollywood to produce content people want to watch. The move to streaming is seen as a return to a business model based on merit and attracting viewers with quality programming.

Key Points

  • Decline of cable networks due to consumers favoring individual streaming services
  • Streaming services must attract viewers with quality programming
  • Cable networks like CNN artificially kept alive by carriage fees
  • Move towards streaming is a cultural victory for "Normal People"

Pros

  • Shift towards producing TV content that people actually want to watch
  • Return to a business model based on merit rather than forced subsidization

Cons

  • Loss of traditional cable revenue streams
  • Potential job losses in the cable network industry