Video Streaming Could Shatter The Cable TV Industry For Good | Forbes

submitted by goodman148 on 06/08/20 1

Stay at-home measures have given people endless time to consume and enjoy media from all platforms, but there is one clear winner: online streaming. Quarantine accelerated trends we were seeing before lockdown-- that consumers were cutting the cord from cable and moving to online streaming. In the first quarter of 2020, Netflix gained 15.7 million subscribers, and Disney+ gained 54.5 subscribers in five months. Experts don't know if television subscriber numbers will recover from these losses. Subscribe to FORBES: www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes newsletters: newsletters.editorial.forbes.com Forbes on Facebook: fb.com/forbes Forbes Video on Twitter: www.twitter.com/forbes Forbes Video on Instagram: instagram.com/forbes More From Forbes: forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

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