Does anyone really need 300 channels?
Citi analysts Jason Bazinet, Thomas Singlehurt, Michael Rollings, Mark May, and Catherine O’Neill released a report on Thursday that clearly highlights exactly how absurd cable subscription plans have become over the last decade.
The chart below shows the number of cable channels received (light blue) by cable subscribers and the number of channels actually viewed (dark blue).
“[B]ack in 1994, US consumers watched about 25% of the channels they could receive,” they wrote. “By 2013, there were nearly 200 channels, but the average household watched just 17 channels.”
“In effect, US consumers are paying for a lot of channels they don’t watch.”
If like you have have cut the cable cord, you were likely well aware that you were overpaying.
“[T]hat suggests cable networks might be over-earning,” the analysts revealed.