FYI: Looking to stream your favorite shows for under $20 per month? Read our rundown of the best streaming services for seniors.
You may have noticed that your monthly cable bills have risen while your service has stayed the same. You’re not alone. According to AllConnect.com, the average cable bill is now over $200 per month, a high price tag that has likely contributed to cable providers losing an average of 6 million subscribers each year.
Many of these subscribers are switching from cable and satellite TV to streaming services. Streaming services not only offer far lower prices (many of them cost less than $50 per month), but they also don’t require long-term contracts and costly equipment.
No matter which streaming service you choose, however, you’ll likely lose some of the over 300 live channels from your cable package. Many streaming services also lack live TV capabilities, which is a deal-breaker for fans of live sports. Before you join the growing number of households who are cutting the cable cord, you’ll want to consider the advantages and disadvantages of streaming services.
FYI: Looking to stream your favorite shows for under $20 per month? Read our rundown of the best streaming services for seniors.
Broadly speaking, a streaming service is similar to cable or satellite TV. You pay a monthly fee that gives you access to a variety of video content, including movies and television shows. The main difference between streaming and traditional TV is that streaming services operate through your internet connection, while cable and satellite operate through their namesake connections.
Streaming services function much like smartphone apps, and in most cases — such as Netflix, Hulu, and HBO Max — they offer predominantly on-demand video content. Some streaming services, such as FuboTV and Sling TV, offer predominantly live content.
Streaming services are numerous and varied compared to cable and satellite TV, but they generally offer many benefits.
Streaming services generally come with lower costs and a variety of viewing options, but there are some drawbacks across the board.
Pro Tip: If live sports are a must, we recommend checking out FuboTV, one of the few streaming services to offer comprehensive live sports packages.
“Streaming service” usually refers to on-demand subscriptions like Netflix, but there are multiple types of streaming services that offer different content at different prices.
Subscription-based streaming services like Netflix cost a monthly fee, for which subscribers get access to on-demand content. Not all subscription-based services offer everything on the service with their basic plans though.
Amazon Prime and Hulu, for instance, require multiple subscriptions to different channels to get all the content. Prime even charges individual rental prices for some on-demand movies and shows (usually newer ones).
By contrast, Netflix, Disney+, and Max offer all their content to subscribers regardless of the plan. That doesn’t mean the content will be free from ads, however, since all streaming services handle ads differently. Some, such as Hulu, offer cheaper plans with ad breaks (usually about four to six minutes per hour of content) and more expensive ad-free plans. Others, such as Amazon Prime and Disney+, play about a minute of ads at the beginning of your content and then play the movie or show without interruptions. Netflix and some other services never have ads.
Subscription-based services all cost different monthly prices, starting at around $6.99 per month for Netflix and going up to $19.99 per month for the top-tier Max plan.
Live TV streaming services, by contrast, offer smaller selections of on-demand movies and TV shows. The main content is a series of channels — sometimes hundreds — that offer live programming similar to cable TV, but without the hardware.
For live TV streaming services like Sling TV, FuboTV, and Hulu + Live TV, you’ll pay a monthly fee just like with cable. The services don’t offer as much original programming or on-demand content as subscription-based streaming services, but they have far more live sports and news content available.
They usually have channel add-ons, too, so you can customize the channels you get with your monthly subscription.
Freemium streaming services can be accessed for free, but they still come with a cost that differs among services. Crackle TV and IMDB TV, for example, are always free, but you always have to watch ads. Others, such as Peacock, offer some free content but lock a lot of other selections behind a paid subscription tier.
Some freemium services offer the ability to pay for individual shows or to remove ads from content. These services are designed to convince you to either watch ads or pay for their bonuses, but they are usually harmless apps to add to your tablet or TV to see if you like the content they offer.
The best ones we tried were Tubi, which has a lot of on-demand movies for free, and Pluto TV, which has a pretty good lineup of content that streams live (such as the “Star Trek” channel, which plays the shows on a schedule like cable TV). Both of these services have ads.
Streaming services are plentiful and frequently offer both unique and overlapping content, so there’s no right answer for the best streaming service. The best way to choose among them is to determine what you’re looking for.
Unlike cable TV plans, which usually require cables, boxes, and hookups, streaming services work entirely through an internet connection. That means you need a smart TV to use it, which is any TV that can access apps through the internet.
There are, however, ways to allow a regular TV to access smart TV content. You just need a streaming box, such as Chromecast, Amazon Fire Stick, or Roku. They usually cost a one-time fee of $50 to $100.
You can also watch your content on other devices, such as smartphones, tablets and computers. Anything that can access the internet can access streaming content, but that means the strength of your internet connection determines the quality of your content. Different streaming services suggest different internet speeds, but most require at least 3 to 5 Mbps. Ask your internet provider if you don’t know the speed you’re getting.
Streaming services represent an increasingly large share of the television market, while cable networks are losing subscribers by the year. The reason is that streaming services offer on-demand content and even live TV packages for less money per month, with more versatility and less required hardware than cable.
Streaming services, however, cannot offer everything. For live sports and local channels, cable may still offer more for less money. Consider the content you would be getting (and losing) before cutting the cord, but know that only you can decide whether the content offered is worth it. For a few bucks per month and with the ability to cancel at any time, it couldn’t hurt to try one for yourself.