Investorideas.com

Get great ideas from our AI, cannabis, cleantech, crypto, esports and mining podcasts - be a guest or sponsor : 800 665 0411


Share on StockTwits

Here's what I learned from cutting the cord

Streaming, an apparently low-cost alternative to Cable TV still doesn't have everything cable has to offer. Here's why:

 

May 29, 2020 (Investorideas.com Newswire) 93.7% of households in the US have at least one television device in their homes and about 65% of these households have a cable TV connection. I for once was following the cord-cutting movement a little too seriously and decided to bid farewell to my ages old cable subscription once and for all. The experience was a pleasant one at first, no doubt. But the cons started hitting me a little too soon. Here I weigh them down in my list of lessons I learned after cutting the cord.

Is streaming really the future?

The cord-cutting movement blatantly supports streaming services such as Netflix, Hulu, Amazon Prime, etc. They have grown to become more attractive by producing original content exclusively available on their respective platforms only. Shows like House of Cards on Netflix, and Transparent on Amazon Prime have garnered great appreciation from the viewers and cutting the cord didn't seem like a big deal, at first.

However, it wasn't long when I was convinced that streaming services are just a supplement to traditional cable television and aren't ready to replace the lavish cable television yet. Hence, you may not save as much as you expected, and making the choice between the two will make you give up on something. And honestly, who wants that?

Not all streaming services offer access to local CBS, Fox, ABC or NBC and you might need a digital antenna to pick these channels. CBS and Fox came in clear at all times but no antenna could pick ABC and NBC. Thus keeping that supplemental status of streaming alive.

Cable pays content Providers better

One cannot imagine downloading programs aired on Cable heavyweights such as Lifetime, BBC America and TCM unless you have the login and password of a cable TV provider. To watch these programs we usually subscribe to a cable provider like Cox cable TV who has invested hefty amounts to purchase access to these channels and their content. In short, you pay a consolidated amount to your cable provider to buy access to the content they have paid for.

Sports and News Holding Cable TV together

Sports and news channels are the ones that aren't readily available on streaming platforms just yet. ESPN is one of the most expensive ones among the list of channels cable TV has on offer. The reason, ESPN has to pay a hefty amount to get access to the famous professional and intercollegiate games. You have been paying a good $50 plus to see 200-pound dudes running to get the life out of the opponent teammate. Hence, the amount you have been paying as your cable bill includes a hefty chunk used to subsidize ESPN for sports lovers. If you are one of those then cutting the cord is not an option for you yet since ESPN doesn't plan on hitting the streaming business just yet.

Some of the practical estimates still claim that if ESPN goes on to offer its standalone streaming service, it will still cost you around $34 per month. Also, ESPN forbids cable companies to take their channel out of their basic channel line-up suite. If they do, the sports giant will sue them.

Final Word

Streaming is a seemingly low-cost alternative to an expensive cable subscription, however, if we factor in every member's individual choices the bill at the end of the month is more or less the same. For example, the mother wants to watch a show on Amazon Prime and the Kids want Netflix whereas dad wants everything sports, one streaming service cannot satisfy the needs of all, at this point in time. Hence, streaming is more of a supplement to mainstream cable television rather than being a complete alternative to it.

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions.. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. This article is a third party guest post published content and not the content of Investorideas.com . Learn more about posting your articles at http://www.investorideas.com/Advertise/

Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp


Tech Stocks - Tech Stocks Directory, Tech Stocks News, Research and Resources

Get more Technology stock investor ideas - news, articles, podcasts and stock directories

Buy a technology guest post on Investorideas.com