To go even geekier on this topic...
For those interested, the deliniation we use in the media business is MVPD versus vMVPD.
The former stands for Multichannel Video Programming Distributor. It is the industry and legal term for a traditional pay TV services that deliver multiple live, linear channels via cable, fiber, or satellite. Think Spectrum cable, DirecTV satellite, U-verse, etc.
The latter stands for Virtual Multichannel Video Programming Distributor. It is the industry and legal term for pay TV services that deliver mutliple live, linear channels over the internet. Think YouTube TV, Hulu + Live TV, Fubo, DirecTV Stream, SLing TV, etc.
Following up on my math above, 29.5% of US households subscribe to MVPDs and another 16% subscribe to vMVPDs. Here are the trends, which show the decline in MVPDs and rise of vMVPDs since the first of the latter--Sling TV--launched in 2015.
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