Traditional cable-based TV providers saw their share of the pay-TV market decline in 2012 as Internet-based TV services offered by companies like Verizon (VZ) and AT&T (T) grew more popular, according to a new report. Market research firm ABI Research says that as a whole, the global pay-TV industry generated $238 billion in revenue last year. That figure is up from $223 billion in 2011 and is expected to continue growing to $304 billion in 2018. Cable companies’ share of the market dropped to 47% in 2012 from 48.5% in 2011 however, as IPTV services saw their share grow to 11.5% in 2012, up from 10% in the prior year. ABI analyst Khin Sandi Lynn notes that Verizon was the top IPTV provider in 2012 in terms of revenue.
Internet-based pay-TV services see growth as cable continues to contract
Published Feb 6th, 2013 10:58PM EST
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Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
