via The Star
by shira ovide
March 21 2017
Good news! There’s something else we might be able to blame on those darn millennials besides killing breakfast cereal and shunning the Olympics. They might also crush our disappointingly fragile digital highways.
The US (and the world) is in the midst of a sea change in how we spend our leisure time. Young people are less inclined to indulge in America’s favourite pastime: zoning out in front of the TV. On average, people ages 18 to 24 spend half as much time watching live and recorded television as 35- to 49-year-old Americans, according to Nielsen.
Young people are definitely watching video, but it’s more likely something from YouTube or a friend’s Snapchat story on their phone than the episode of Grey’s Anatomy their parents are watching on the living room TV.
The trend is only going to accelerate. Internet hangouts like Facebook and Twitter are delving more into TV-like web video. And the TV-and-movie smorgasbords from Netflix, Amazon and Hulu are increasingly being joined by packages of internet-delivered TV channels from the likes of DirecTV, YouTube, and soon Hulu and perhaps Amazon.
Those online TV alternatives such as Dish Network’s Sling TV picked up 888,000 customers last year, according to research firm MoffettNathanson. Over the same period, cable, satellite and telecom TV services lost a cumulative 1.7 million TV customers, which MoffettNathanson estimates was the industry’s fastest rate of decline on record.