The future looks grim for cable TV providers like Comcast and Time Warner Cable. A new survey says that as many as 26 percent of Netflix users may cancel their cable TV service by next year. Huffington Post reports: Where are they going? If you say “Netflix,” you’re not exactly correct. The fact is that, according to a recent survey by CutCableToday, 67 percent of Netflix subscribers still have cable. That’s pretty much right in line with last year’s numbers, insinuating that Netflix isn’t necessarily synonymous with cord cutting. However, perhaps a more interesting statistic from the study shows that 26 percent of Netflix users may not have cable by next year. More specifically, 11 percent of Netflix users say they’re going to cancel their cable contracts. 15 percent say they are unsure if they’ll keep cable or cut the cord. What about the other 74 percent? The survey goes on to say that the most common reason people aren’t canceling is due to Big Cable’s greatest weapon. The bundle. The survey states that 80% of Netflix subscribers have their internet bundled with TV or phone service.
Read more of this story at Slashdot.