In the near future, the number of US households subscribing to Amazon Prime will likely outnumber household subscriptions to cable or satellite TV, according to estimates from investment research firm Morningstar.
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Amazon Prime will soon be more popular than cable TV, as Amazon spends $4.5 billion on TV shows and movies
As soon as next year, the number of U.S. households subscribing to Amazon Prime could outnumber household subscriptions to cable or satellite TV.
As Recode notes, estimated subscriptions for Amazon Prime have increased dramatically since last year.
At the end of 2016, around 66 million US households had subscribed to the service. Today, there are nearly 79 million households subscribing to it.
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By comparison, S&P Global estimates that there are currently around 90 million households subscribing to cable or
Prime's exponential growth in subscription numbers since 2010 has it on pace to surpass those of cable TV as soon as next year, according to Recode's analysis.
While Amazon Prime is primarily a product delivery service — which is still the main feature that most households are likely flocking to Prime for — its burgeoning video streaming service includes an extensive catalog of acclaimed original shows and popular TV and movies.
In a move to better compete with cable and rival streaming services like Netflix and Hulu, Amazon will spend an estimated $4.5 billion on video in 2017.
Amazon's ambitious, hands-off approach to TV production has led to award-winning, innovative shows like "Transparent," which showrunner Jill Soloway has said could not have been created on network TV, where a show's vision "gets dissipated" in "political rewriting."
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Amazon also paid $50 million to edge out Twitter for the rights to stream the NFL's ten Thursday Night Football games in 2017, further underscoring its TV ambitions.
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