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Comcast Internet surpasses cable TV as cord-cutters continue to emerge

By Gabe Carey
Jul 24, 2015
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  1. [parsehtml]<p><img src="http://www.techspot.com/images2/news/bigimage/2015/07/2015-07-24-image-6.jpg" /></p> <p>As <a href="http://www.techspot.com/article/981-cord-cutter-experience/">cord-cutters</a> grow ever more affluent in the TV-watching landscape, it should come as no surprise that Comcast <a href="http://www.cmcsk.com/releasedetail.cfm?ReleaseID=923465">now provides</a> broadband Internet service to over 22.5 million subscribers, marginally outweighing its 22.3 million cable television subscribers.</p> <p>Although Comcast cable is raking in more cash than its Internet division -- recorded at $5.4 billion as opposed to broadband&#39;s $3.1 billion -- the company actually lost 69,000 cable customers and gained 180,000 high-speed Internet subscribers in the second quarter of 2015.</p> <p>&quot;In Cable, high-speed Internet and business services continued to perform extremely well,&quot; added Comcast CEO Brian Roberts. &quot;And, significantly, this was the best second quarter video customer results we&#39;ve had in nine years. Our focus on accelerating the deployment of our transformative X1 platform, as well as efforts to improve customer service, are clearly making a difference, with lower churn across all product categories.</p> <p>Still leading as the top cable company in the United States, Comcast first hinted that it would be rotating to a more Internet-focused business on May 4 when it announced the introduction of more broadband offerings in order to appease current and prospective Internet subscribers.</p> <p>The company has since revealed an over-the-top $15/month <a href="http://www.techspot.com/news/61336-comcast-launches-stream-15-month-tv-streaming-service.html">video streaming service</a>, sporting networks like HBO, Fox, and NBC as well as a <a href="http://www.techspot.com/news/56631-comcast-ea-reportedly-close-to-signing-streaming-game-agreement.html">video game streaming service</a> in conjunction with EA, no cable subscription or console required.</p> <p>Nonetheless, Comcast&#39;s attempts to win over consumers using shiny new streaming services is unlikely to make up for public perceptions of the company&#39;s borderline monopolization of the entire broadband market, not to mention its intent to roll out <a href="http://www.techspot.com/news/56770-comcast-plans-to-roll-out-data-caps-for-all-customers-in-next-5-years.html">data caps</a> to all of its customers by 2019. Unfortunately, in <a href="http://www.techspot.com/tag/google+fiber/">most areas</a>, customers don&#39;t have much of a choice but to accept it.</p><p><a rel='alternate' href='http://www.techspot.com/news/61508-comcast-internet-surpasses-cable-tv-cord-cutters-continue.html' target='_blank'>Permalink to story.</a></p><p class='permalink'><a rel='alternate' href='http://www.techspot.com/news/61508-comcast-internet-surpasses-cable-tv-cord-cutters-continue.html'>http://www.techspot.com/news/61508-comcast-internet-surpasses-cable-tv-cord-cutters-continue.html</a></p>[/parsehtml]
     
  2. wiyosaya

    wiyosaya TS Evangelist Posts: 1,249   +377

    As I see it, anyone who subscribes to the steaming services must be desperate to give comcast their money.
     
    oranuro likes this.
  3. "Unfortunately, in most areas, customers don't have much of a choice but to accept it."

    ...and therein lies the problem.
     
  4. Why should you buy a streaming service from Comcast when you can cut the cord and buy a roku ang get the streaming services of your choice at a lower price . the only thing good about Comcast is the internet .
     

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