One in eight consumers will eliminate or scale back their cable, satellite or other pay-TV service this year, according to a new study released by Yankee Group.
A number or recent transactions and new items point to a shift in consumer thinking. Just as mobile phones have replaced many customers' land-line service, on-demand Internet video will soon whittle that 90% figure of U.S. households subscribing to some form of pay TV.
More devices are coming pre-installed with Netflix or Internet connections, so people can stream videos right onto their televisions. Apple and Wal-Mart are expected to launch streaming video devices this year.
Read more at CNN.
