Netflix now has more subscribers than cable TV in the U.S.

Netflix has claimed a major symbolic victory over the country’s biggest cable providers, with research showing that the streaming service now has more U.S. streaming subscribers (50.85 million) than the number of customers for the country’s largest cable companies (48.61 million). Netflix announced those subscriber totals as part of its most recent quarterly earnings report, while the cable industry numbers come from a study published last month by Leichtman Research Group, which estimated the combined subscriber base of the top six U.S. cable companies, led by Comcast (22.5 million) and Charter Communications (17.1 million), and representing the bulk of the U.S. cable industry. – Tom Huddleston, Jr., Fortune via VentureBeat http://onvb.co/5NAqEto

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