How Much Has The Price Of Cable And Streaming Gone Up In A Decade? – TheStreet

When Netflix and other streaming services started catching on with audiences at the start of the 10s, there was a lot of talk about cord-cutting, and the idea that we can finally be rid of the scourge of cable companies and pay a relatively small amount for our entertainment needs.

That did not turn out to be the case.

Large companies, especially entertainment ones, are generally are not in the business of having consumers pay less for things.

After the cord-cutting fervor died down a bit, it became very apparent that if you were a sports or cable news junkie, or you wanted to check out what was on FX or Comedy Central, you still needed a package from your local cable provider.

Plus, its much easier to earn a PHD in Quantum Physics than it is to get a representative from a cable company to cancel your account over the phone.

Thanks to the streaming wars, theres more options for entertainment lovers than ever before, but also more things to pay for.

Many people still stick to one service, or theyll hop around month to month, signing up for, say, Hulu (DIS) - Get Walt Disney Company Report for a month to catch-up on buzzed about shows, only to cancel (or churn) when they are done.

But not only is there more to pay for if you want to feel like youre on top of the latest in pop culture, were all also paying more than we were a decade ago.

A new report from CableTV.com sheds light on just how much more we are paying for both cable and streaming services these days, compared to a decade ago.

Scroll to Continue

Shutterstock

While the streaming boom has eaten into movie ticket sales, people still like to go to the theater, usually for franchises and blockbusters.

The average movie ticket tends to cost about the same as a monthly streaming service, so the fact that the theater industry is at all competitive is testament to how ingrained the theatrical experience is in our society.

In 2012, the cost of an average movie ticket rose to a record high of $8.12, which was considered newsworthy and borderline alarmingat the time. Today, the average cost of a movie ticket is $9.17, though AMC (AMCX) - Get AMC Networks Inc. Class A Reportmight charge you more if its a really popular film like The Batman.

So why are streaming services and cable packages more expensive? In a word: Inflation.

It takes money to make money, as they say, and streaming companies and the networks that prop up cable companies have to keep investing in films and television shows to lure in new subscribers and keep existing costumers in the fold.

Plus, cable companies have maintenance costs and the rising price of infrastructure to deal with.

The ongoing recession were currently experiencing wont last forever. Even when it passes, the cost of streaming and cable will only increase over the years, though maybe not always dramatically, given the year.

But theres still ways to save, as every consumer can figure out what services need to be part of their lives, and which they can check in for a month at a time.

View post:

How Much Has The Price Of Cable And Streaming Gone Up In A Decade? - TheStreet

Related Posts

Comments are closed.