Breitbart Reports: Households cutting their cable/satellite TV cord jumped to ten percent in 2022. Even if you figure in those who canceled their cable/satellite package and jumped to what’s known as a “skinny bundle” (or a cheaper form of cable TV), the drop is a full six percent. Five years ago, 79 percent of roughly 100 million U.S. households paid for cable TV. Fifteen years ago, it was 85 percent. Now it’s closer to 66 percent.

This is costing Hollywood billions. Whether or not you watch CNN or MTV or MSNBC or the Disney Channel, or ESPN, these multinationals still receive a portion of your monthly cable bill. So let’s assume — although it’s probably more — that Hollywood makes $5 a month from those five channels. That’s $60 a year per household. Multiply that times 85 million households in 2007. That’s more than five billion dollars — with a “B” — per year. But now that number has dropped to 66 million households, which means a loss of about a billion per year.

Only it’s a lot more money than that. Look at all the channels on your cable system.