Wired: Cord-Cutting Is 'Gonna Suck' In 2016

by Amy Weingarden, Benzinga Staff Writer

December 28, 2015 11:00 AM | 1 min read | Make a Comment

Cord-cutting is a legitimate concern for cable investors, however,

Wired suggested that the trend may be unfavorable for the consumer. Wired noted that earlier this year DISH Network Corp DISH's $20 a month Sling TV package offered many people from cancelling their cable services: live sports. However, when adding in $29.99 for 'American Horror Story, on iTunes, $10-a-month for HBO Now, $8 a month for a Netflix, Inc. NFLX, $99 a year for Amazon.com, Inc. AMZN's Prime service, and $12 a month for Hulu, consumers may not be getting a better deal - and that is before factoring in the possibility of "burning through" Comcast Corporation CMCSA's data limit or increased monthly rates. Wired suggested that for these reasons, "cord-cutting is going to suck" in 2016. However, it will get better - eventually. Wired added that the Federal Communications Commission is looking into Comcast's data rates. The report also suggested that the advantage of exclusive deals with specific streaming providers "may not be worth it" for studios - giving consumers some relief as they may not need so many different video streaming subscriptions. Unfortunately for cord-cutters (and those looking to make the cut in 2016), Wired pointed out that it could take "years for all that to be worked out."

Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Posted In: News cable Cord Cutting streaming video wired

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Benzinga.com on devices