Could too many streaming services push us back to the cable era?
Over the past decade, there has been a battle between traditional cable services and online streaming subscriptions. At first, there was fear that consumers would cut their cable subscriptions in favor of more affordable streaming services. However, with the seemingly endless insurgence of new platforms, customers are seeing savings dwindle, with a cost you pay for Netflix, and a cost for Hulu, and don’t forget YouTube Plus, and then there is Sling, Quibi, HBO Max, Apple TV…. Add all of these up and you have the price of cable!
This poses the question: Could a streaming service overload push consumers back to the cable era? Cable cost have risen over the last decade, with the average basic cable bill totaling to $120-$150, and easily going over $200 if you have any additional premium channels and those additional “fees” and taxes that further drive up the cost of cable service. The monumental rise of streaming services like Netflix and Hulu over the past few years has drawn many companies, big and small, to create their own competing service. Subscribing to all of these new services can cause a huge impact on your wallet, so you may be wondering which one is right for you.
So here is the question; could streaming service overload push people back to cable. This comes from rising subscription costs, the need to subscribe to multiple services, and the hassle of switching between so many platforms. For myself, I have Netflix for those Netflix originals and “dark” programs and series, Hulu for all the 90’s era shows, Disney + for my little one (and for me too, for those Disney classics), Sling TV as my alternate to cable, and Apple TV because, well I don’t know why I have Apple TV, but my husband swears by it. Not to mention the $80 internet bill because you need internet to host all of your streaming platforms. TOTAL? Around $140 per month!
Too many streaming services will eventually turn you into a cord cutter. Which brings us back to the age-old question. How many streaming services will people pay for? It’s a dilemma that not only us as consumers have, but companies are facing as consumers are starting to dwindle from paying for four, five streaming services.
The bottom line: There are too many streaming services. And they cost too much when you have all of them at once. Yes, you’re getting plenty of value for your money. What “cost too much” means is that once you subscribe to all of these services, you’re likely paying more than you were for your pay-TV subscription. That dream of paying less as a cord-cutter? It’s mostly over. Instead of paying one company for all of your content, you’re paying as many as five or six.
These services are great, but there is only so much money to go around. Hopefully there will be a solution to having, or not having so may streaming services before subscription fatigue sets in.
Beren, David. (January, 2020). “Are We About to Hit Video Streaming Service Overload?” MakeTechEasier. Site: https://www.maketecheasier.com/are-we-hit-video-streaming-service-overload/
Reddit. “Ironically, Too Many Video Streaming Choices May Drive Users Back To Piracy” Site: https://www.reddit.com/r/technology/comments/ba3efm/ironically_too_many_video_streaming_choices_may/
Beausoleil, Michael. (September, 2019). “There are So Many Streaming Options Cable is Starting to Look Good?” Beausoleilmedium.com. Site: https://beausoleil.medium.com/there-are-so-many-streaming-options-cable-is-starting-to-look-good-c083c32e3c5c