Parks Associates said 15% of pay TV subscribers downgraded to a less expensive bundle from the first quarter of 2017 to Q1 2018.
The research company also said that one third of pay TV subscribers living in U.S. broadband homes changed their services during that span.
"OTT subscriptions are on the rise, reaching 64% of U.S. broadband households, as pay-TV subscriptions decline, so all players are looking for that magic combination of service types, content, and pricing in order to secure subscribers," said Elizabeth Parks, senior VP of Parks Associates, in a statement.
Parks reported that about 10% of U.S. linear video subscribers in broadband homes upgraded their service. About 5% subscribed to a service after going without pay TV for at least a year.
Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!
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