A research report from Toronto-based Convergence Consulting Group Ltd. found around 1.05 million people canceled their pay-TV subscriptions in 2011. Web-based services have led 2.65 million subscribers of cable or satellite TV to cut their services since 2008.
However large the numbers seem, they are only a fraction of total subscriptions. The report suggests that by 2012, 3.58 million will have cut the cord, which only represents 3.6 percent of all subscribers.
The rate that people are opting out will slow this year as pay-TV services will actually see a boost in adopters, Convergence Consulting predicts.
Cable, satellite and services from telephone companies — like Verizon’s FiOS and AT&T’s U-verse — will add a net 185,000 accounts this year, an increase from 112,000 in 2011.
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