733,000 cable customers bailed on Comcast last year. The trend of cord cutting is playing out all across the Pay-TV universe, which you can see in this incredible chart from the WSJ.
Content is getting more expensive, customers are leaving in droves, and there is more competition than ever before, which you’d think would be a disaster for these stocks. But outside of Dish Network, which has a less diverse business than its competitors, these stocks have done way better than I thought before I checked.
Supporting these companies are the growing number of broadband subscribers, and the cost increases in cable which are mostly offsetting the cord cutters.
If you’re interested in this space, check out this video we did with Rich Greenfield last week about all things content, he is a master in this space.