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Streaming is destroying cable TV and these 3 stats prove it

Cutting the cord is no longer just a hypothetical dream. It's happening across the country and the numbers are accelerating. Considering canceling cable? The true cost of cutting the cord considering canceling the cord? The True Cost of Cutting Cord When you add everything up, do you really save money by cutting cord? We do the necessary calculations to cancel the cable in favor of Internet services. Read More The new era of online streaming is here and it's here to stay.

Do you need any proof? Read on.

1. Netflix continues to grow - significantly. In the first quarter of 2015, Netflix membership grew by 4.9 million subscribers. In the previous quarter, membership grew by 4.0 million subscribers. In total, Netflix now has more than 62 million users worldwide (and 40 million of those users in the US).

Not that surprising when you consider that most users think that Netflix has the best streaming content online Netflix vs. Hulu vs. Amazon Prime:Which one should you choose? Netflix vs. Hulu vs. Amazon Prime:Which one should you choose? It's been years since we've compared the big-hit streaming services Netflix, Hulu, and Amazon Prime. And with changes in pricing, content, quality, and interface, we thought it was time to take a fresh look. Read More

Streaming is destroying cable TV and these 3 stats prove it

2. Pay TV subscription rates are dropping like flies. In the second quarter of 2015, the pay television industry (which includes cable, satellite and telco television) lost a total of 566,000 subscribers. Compare that to the second quarter of 2014, when they lost a total of 321,000 subscribers. The rate of attrition is increasing at alarming rates.

And it gets worse when you realize that the second quarter is usually the most stable quarter for the pay TV industry. Oh. Time To Start Switching To These Alternative Streaming Channels Cut The Cord Forever With These 15 Streaming TV Channels Cut The Cord Forever With These 15 Streaming Cable TV Channels Cable TV is on the decline as The Internet offers cheap entertainment on demand. Here are 15 of the best streaming TV services to help you cut the cord. Read more.

Streaming is destroying cable TV and these 3 stats prove it

3. Almost all age groups are watching less television.. In the second quarter of 2015, the only age groups that watched more TV in a month were 50-64 and 65+, meaning people ages 2-49 watched less TV.

According to the same report, viewers actually spend more time watching entertainment, but their time is spent on sites like Netflix, Twitch, and YouTube.

Do you want to cut your household expenses? How to cut your household expenses in 7 easy steps? How to cut your household expenses in 7 easy steps Tired of seeing all your income go to bills and expenses? You're not alone We show you some of the best ways to reduce your household expenses. Read more ? Start by cutting the cable wire now. You'll be surprised how much money you'll end up saving.

How long will it take to cut the cord? You already have? Share with us in the comments below!