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Published: May 17, 2022 5 min read
Photo collage illustration of a hand cutting a TV cable cord
Money; Getty Images

Americans have been ditching pricey cable packages for years, but cord-cutting picked up the pace as inflation spiked in early 2022. Growth is slowing for live TV streaming subscriptions and on-demand services like Netflix and Hulu are slowing as well.

Cable providers including Comcast, Verizon, Dish and others lost a whopping 3.2 million subscribers in the first quarter of this year, according to recent data gathered by Variety.

While some of the decline is always expected at the start of the year, Variety notes, the losses are much bigger compared to the first quarters of 2021 and 2020, when 2.2 million and 2.4 million customers canceled their cable services, respectively.