Cord-cutting finally started to weigh on traditional pay-TV revenues in 2018.
Revenue from traditional pay-TV access, including cable, satellite, and telecom TV services, fell 3% year-over-year, after being flat in 2017 and rising in previous years, Convergence Research Group found.
Visit Business Insider's homepage for more stories.
After nearly a decade of losing TV subscribers to streaming services, US cable and other traditional pay-TV revenue showed its first notable decline in 2018, according to new research from Convergence Research Group, a firm that consults for internet, content, telecom, and technology industries.
Revenue from traditional US pay-TV access, including cable, satellite, and telecom services, fell 3% in 2018 to $103.4 billion, Convergence estimated in an April report.
The revenue did not include internet-TV services such as Dish Network's Sling TV or AT's DirecTV Now.