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The rise of Netflix could cost cable companies $1 billion next year

Cord-cutting feels like it's been the "next big thing" for a decade now, but according to one new report, 2017 is going to be THE YEAR. We promise it's true this time. Management consultancy firm cg42 has published a report into the state of the cable industry, and it makes for bleak reading if you're a Comcast exec. DON'T MISS: All the best new features in iOS 10 Messages Cg42 estimates that 800,000 current cable subscribers will cancel their packages in the next year, which will lead to around a billion dollars in lost revenue for cable companies.
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