Landel Hobbs director of Time Warner Inc., announced that subscribers have left the cable TV but do not have broadband, necessary for viewing on Internet
NEW YORK, USA ( 06/NOV/2010) .- The pay-TV subscribers have canceled the service of cable companies at the fastest rate in history in recent months, and many of them are not for hire with a competitor.
His desire to not have pay TV could be a sign that Internet TV services such as Netflix and Hulu, are finally beginning to convince people to cancel cable service, although the directors of Cable companies attribute this to the weak economy and housing market.
third quarter results reported this week by major satellite companies and cable TV show large losses, but do not resolve the question of what causes them.
If the cable should be goodbye to the video on the Internet, the implications would be deeper. Consumers who use the Internet to watch movies and TV shows do not just to one side to the cable companies, but also the network that produces the content. This could have the same effect on the motion picture, television and digital downloads have had on music.
few weeks ago, the director general of the telephone company Verizon Communications Inc. cable termination equated with what happened to the phone companies five or six years ago when customers began to cancel their lines to use only fixed phones.
"The first thing that happens is that you deny it,''said Ivan Seidenberg. "I know what I mean. Already happened to me.''
On Thursday, the chief operating officer of Time Warner Cable Inc., Landel Hobbs said the company has no evidence that people are leaving the cable internet. He noted that the largest number of cancellations is among customers who do not have broadband services, and high speed internet is essential to watch videos on the Internet. These people seem to be switching to satellite TV or waiving the pay-TV.
Time Warner Cable lost 155,000 subscribers in July to September compared with 64,000 a year ago.
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