Online video buzz leads today's cable news roundup.
Cable and satellite subscribers are dropping pay-TV subscriptions because of costs and a lack of interest in TV, and aren't cutting the cord primarily because of Netflix Inc. (Nasdaq: NFLX) and other online video sources, according to new survey data from Leichtman Research Group Inc. (LRG) . LRG found that 8 percent of U.S. households are broadband-only homes, but a mere 5 percent of that group said they cut their pay-TV subscriptions because they can fill their video needs by going over-the-top. (See Cord Cutting & Consumer Clouds.)
NDS Ltd. has appointed Dave Habiger, the former CEO of Sonic Solutions (now part of Rovi Corp. ), as CEO. He succeeds Dr. Abe Peled, who, after 17 years at the helm, will now serve as NDS's executive chairman.
Excluding sports and adult programming, pay-TV providers will generate US$5.7 billion annually in video-on-demand revenue by 2016, compared with $3.6 billion last year, according to Digital TV Research.
— Steve Donohue, Special to Light Reading Cable, and Jeff Baumgartner, Site Editor, Light Reading Cable