I NEVER thought I’d get rid of cable until I bought an old house that had never been wired for it. It was going to cost a lot more to have the whole house wired for the first time (versus just activating it) and having just bought a house, I didn’t really feel like spending extra money. I decided I’d wait six months or so until I got my savings built back up to a comfortable level and then go for it. That was almost two years ago and I haven’t missed cable for one moment.
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Top shows include: Empire, The Real World, Seinfeld, Inside Amy Schumer, The Shield, The Twilight Zone, Daria, Buffy the Vampire Slayer, Cheers, The Mindy Project, Survivor, It’s Always Sunny in Philadelphia, Battlestar Gallactica, Top Chef, Masters of Sex, The Daily Show, Weeds, The Good Wife, Ally McBeal, The Affair, How to Get Away with Murder, and more.
Pros: The most consumer-friendly terms (up to six screens, no DVR storage limits), best program guide navigation, easiest one-click for adding shows to DVR record list. Terrific app that makes it easy to watch the TV shows from bedroom, living room, office, park – anywhere. Plus, if YouTube TV doesn't have your show, the main YouTube website probably does have some variation of it. There's enough to keep you busy for days. The No. 1 choice for cord cutters – unless you live in an Amazon world. In which case,, buy a Roku streaming stick and get YouTube that way. It's that good.
I’ve even cut the television cord. About three years ago, we decided to live sans paid television. It actually went alright. We didn’t miss it much. It wasn’t football season. But, in order to make our one-time dream home amenable to rental guests, we had to provide premium television. Once again, we were beholden to the dreaded two-year Dish contract.
Did you know that people in or near big cities can receive the major network channels (ABC, CBS, NBC, FOX, CW), plus PBS and local stations in Hi-Def for free? It’s called broadcast digital TV. I was able to get thirty channels total in Providence, RI and over 100 in Los Angeles, CA. It takes a little leg work to set it up, but I’ll guide you through it.
With my cell phone bill near $40 a month, and landline+internet bill of $25 a month, and pay-as-you-go Dish TV plan of $20 a month, all heavily used, I haven’t cut any ‘cords’ and don’t intend to. I also hope to attend FinCon only next year after my website reaches certain milestones. As a ‘multimillionaire’ (by your definition ?) and 1%er, do you really feel the need to cut these low value cords?
While Netflix ($8-12 per month), Hulu ($8-12 per month) and Amazon Prime ($119 per year) are the most recognizable streaming services, they are not the only ones available. In fact, traditional streaming services — wherein you pay a monthly fee to consume as much content as you like on-demand — are only a small part of the market. Depending on how much you're willing to spend (from nothing up to hundreds of dollars per year), you can get just about anything you used to enjoy on cable.
Given that the average cost of TV service in the United States is around $100 per month, cutting the cord starts to look like a pretty attractive option. Even if you’re just replacing a cable bundle with a live TV streaming service such as YouTube TV or PlayStation Vue, you could still potentially chop your TV bill in half. Unlike traditional cable or satellite TV, these services achieve lower prices by cutting out certain channels and not making customers rent expensive set-top boxes. They also subsist on slimmer or nonexistent profit margins while trying to build a larger audience for targeted ads. Because these services have lots of competition—both from other live TV providers and from on-demand services such as Netflix—the pressure’s on to keep prices low.
Cable and satellite TV providers aren’t entirely to blame for this trend. The main reason they’re raising prices is because they’re being squeezed by TV networks, which themselves are seeking more money to make up for a shrinking subscriber base. Discovery’s most recent earnings report, for instance, notes that “increases in contractual affiliate rates were offset by a decline in subscribers,” while Disney’s latest report notes that revenue growth for Disney Channels was “due to contractual rate increases, partially offset by a decline in subscribers.” Meanwhile, we’ve seen Comcast force regional NBC sports into basic TV service from small cable providers, and ESPN demand higher prices even as ratings decline.
Since cutting cable TV, my family doesn’t miss our cable TV package one bit. We use our cell phones to replace the home phone, which we thought we would miss but don’t. We especially don’t miss the telemarketers. The kids initially missed a few channels, but now they are content fighting with each other over which of the thousands of kids’ shows at their disposal they will watch during their TV time.
Most of these plans have different levels and options, depending on which plan you sign up for. My personal favorites for movies and documentaries include Amazon Prime Video and Netflix. If you want to watch more on-demand network television, then you may be better off going with Hulu. Hulu Plus and Hulu Live allow you to stream live network shows, including sports and other live events. You can compare Hulu and Hulu Plus in this review.
TV providers advertise low prices to entice new customers. These promotional rates will usually increase at the end of your initial contract and jump to the regular monthly price. However, some providers will increase rates in the middle of your contract. Most companies have rate information on their websites, but you should also confirm any rate increases with a sales representative.
With the least cable-like interface of the Big 5, Hulu's greatest asset is the integration of live TV with its significant catalog of on-demand content for one price. Unfortunately, the interface frustrations apparent with the standard service are amplified once you add live TV. The app generally confuses "simple" with "incomplete." It technically offers a guide, for example, but it's extremely bare-bones. Another issue is that you'll have to pay extra, a hefty $15 per month, to get the ability to skip commercials on Hulu's cloud DVR. Its channel count is solid, but YouTube TV at $5 less is a better value if you don't care about Hulu's catalog.