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More US Consumers Drop Cable, DVDs As Content Moves Online

For an idea of what's vexing U.S. entertainment industry executives these days, take a look at how Todd Mundt in Louisville, Ky., watches television and movies.

Eager to save money, the public radio station employee canceled his cable-television subscription, opting instead to get his favorite shows from a host of free streaming video sites, including Hulu.com, a joint venture of General Electric Co.'s (GE) NBC Universal and News Corp. (NWS). Rather than rent DVDs from Blockbuster Inc. (BBI), Mundt streams movies from Netflix Inc. (NFLX), a cheap and convenient substitute.

Mundt estimates he's saving at least $50 a month by getting his entertainment over the broadband connection he would pay for anyway just to have access to the Web. His prowess at finding entertainment online has also made him the envy of friends and colleagues.
"A lot of my friends take a look at my setup and say, 'Cool, how do I do that?'" Mundt said.

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Mindboggle3232d ago

Well duh...If you can watch movies online for free why would you buy dvds? Whereas customers who do pay would rather pay for a DVD then a downloadable movie.

himdeel3232d ago

...I'd get rid of cable as well. Unfortunately she cannot but I'd give it another 7-15 years and a couple of new laws being passed before I could give up cable all together.

wibble3232d ago

I want to pay to watch movies online but at the moment they're still appearing on BitTorrent based sites long before they're available on DVD or 'pay per view' services like iTunes.

and when a movie becomes available for DVD rental it doesn't mean you can actually rent it. There's often several weeks wait while demand drops.

Studios have got to get their stuff on the web ASAP if they want to reduce piracy. At the moment they're giving pirates a valid excuse to not pay for their entertainment.