Most investors understand the traditional cable TV business is dying thanks to streaming alternatives like Netflix (NASDAQ: NFLX) and Walt Disney (NYSE: DIS) , which owns Hulu and Disney+. What most investors may not yet fully appreciate, however, is just how much this paradigm shift has accelerated in 2020. This year is shaping up as the proverbial tipping point for linear cable names like Comcast 's (NASDAQ: CMCSA) Xfinity and Charter 's (NASDAQ: CHTR) Spectrum cable television businesses.
The funny thing is, it's not the subscription-based services doing all the recent damage to the cable industry. Ad-supported video alternatives are picking up lots of steam. Two new data nuggets revealed this week underscore this idea.
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For further details see:
Ad-Supported Streaming Is About to Dent Subscription Streaming, and Crush Cable