by Alana Mastrangelo
Breitbart.com
Hollywood’s streaming business is on the brink of catastrophe while price hikes continue to push more American subscribers away.
Streaming video services are facing a number of problems, including high costs, high churn rates, and competition from other platforms. Meanwhile, a slew of U.S. customers are wondering if paying for their subscriptions is even worth it, Variety reported.
The average U.S. household pays a total of $61 per month for four streaming video entertainment services — which is up 27 percent from $48 per month last year — according to an annual study by Deloitte.
The study suggests that price hikes could be near their breaking point, as just over one-third of survey respondents (36 percent) said the content found on streaming video services is not worth the price.