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Streaming Is Now Bigger Than Cable TV

TheMotleyFool

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Streaming Is Now Bigger Than Cable TV: https://g.foolcdn.com/editorial/images/697426/gettyimages-1317797291.jpeg

Americans are now spending more time streaming video than they are watching cable TV. In fact, streaming hours in July surpassed their peak from the start of the pandemic in 2020, according to the most recent report from Nielsen.

There are several takeaways from the latest Nielsen report that are important for any investor in media companies to know.

There was a dearth of big live sports events in July. Both the NBA and NHL held their championship series in June, the MLB entered the dog days of summer, and football fans await the start of the NCAA and NFL seasons.

Source Fool.com

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