Comcast Loses 275,000 Customers In One Month, Is Streaming To Blame?

With more and more people jumping on the online streaming bandwagon, it looks like those very same people may be leaving the one being driven by regular, monthly cable providers.

According to TechCrunch, more than 275,000 Comcast customers left the company last month, with the company apparently siting the economy as the reason behind this mass exodus of customers:

During the earnings call, Comcast blamed the drop on the lousy economy. Always a handy excuse. Sure, many people are struggling right now, and it makes sense that the high cost of cable is an expense they can no longer afford. Comcast said, based on exit interviews, only a ‘˜small number’˜ seemed to cut the cord for over-the-air signals, and they are not planning to switch to internet tv alternatives.

Now, while the company itself may very well believe that the ailing economy is behind the loss of customers, I can’t help but look at things like Netflix and Hulu slowly becoming the giants that they truly are, as the true reason behind it.   And who can blame them.   Not only is a monthly Hulu/Netflix subscription cheaper than your average cable service, but you also have complete control over what you watch, and only pay for things that you truly want.   You don’t have 300+ channel subscriptions where you watch five or six mostly.

What do you think about this? Do you have a cable provider, or have you jumped ship? If so, why?

Source: TechCrunch