Introduction:
For this EOTO, our group (#4) was responsible for policy. The following topics within the policy section are as followed: Sherman Antitrust Act, Media Consolidation, Verticle Integration, Net Neutrality, News Deserts, and Cord-Cutting. I was specifically in charge of creating and designing the PowerPoint and doing research on cord-cutting.
Cord-cutting can be described as a pattern of viewers unsubscribing from a service that they once previously used in order to save money or benefit from a different service. This is becoming very popular among American citizens because new and emerging platforms are entering the entertainment industry. There are some pros and some cons that come with the decision to cord-cut and are viewed differently through the eyes of many people.
Pros:
- People are able to save money on their service if they don't use all the channels. A great example is Cable. A lot of people only watch specific channels or are only interested in certain shows so paying for the whole package may just be inconvenient and unnecessary. Additionally, if they aren't home as often, they aren't taking advantage of the plan because they are busy doing other things that require their attention.
- Individuals are now able to pay for whatever they actually want to watch and don't have to pay extra for other things they don't need.
- They no longer have to worry about the satilite connection because they aren't dependent on it anymore.
- Although you are no longer paying for cable and have switched to streaming, the quality of your entertainment is dependent on the quality of your wifi. If you're having wifi difficulties, the speed of your stream may be slower than usual.
- There are numerous amounts of streaming platforms out there for the public to choose from. The streaming platform that you choose may not have the specific show or movie you are looking for, resulting in you to potentially purchase a subscription to another service.
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