As more consumers shift to streaming-video services like Netflix, traditional cable and telecommunications companies are losing subscribers—and revenue. As more consumers shift to streaming-video services like Netflix, traditional cable and telecommunications companies are losing subscribers—and revenue. Google Inc. is ramping up its YouTube TV streaming service, an online bundle of cable channels that competes with the likes of Hulu Live and Sony PlayStation Vue. The cable industry is undergoing a major transformation, as more Americans cut the cord on their cable subscriptions and flock to streaming services like Hulu and Netflix. Even with online cable TV services added into the mix, 4.5 million Americans have forgone buying pay-TV bundles since 2015, according to MoffettNathanson estimates.

Source: Wall Street Journal April 27, 2018 17:37 UTC