Big Media to Face Big Threat from Streaming Services

AFP: Traditional media players are facing an unprecedented challenge to their business model as “cord-cutters” opt to cancel their expensive cable subscriptions in favor of on-demand streaming services. While pay-TV providers continue to charge well in excess of $50 a month for the top packages, Netflix, Hulu and Amazon are serving up an ever-growing menu of acclaimed original content for the price of a cheap bottle of wine.