Netflix and cable are “neck and neck” in subscriber numbers. Traditional TV subscribers are down from 76% last year to 73% this year—and Netflix is “dead even” at 73%, according to PwC. While Netflix already has a hold on Millennials, older demos are catching on and cutting the cord, too. The number of 50-59-year-olds paying for Netflix made a drastic jump from 48% last year to 63% this year, with shows that appeal to older demos (like The Crown) coaxing them away from cable. (Fast Company)
