Cable is being unbundled in favor of on-demand. The traditional broadcast/channel model is annoying now that many homes have high enough bandwidth to stream what they want when they want it. Netflix is getting business from people who think cable is overpriced but they're also getting a lot of business from people who are sick of never finding anything on TV and sitting through commercials when they do.
I'd probably pay Netflix $100/mo if they could deliver everything I would want to watch in streaming format without commercials. As it is, I pay Netflix and Hulu and Amazon and HBO. I don't pay Comcast for cable but I'm paying nearly the same for all the services I subscribe to.
It's always been about the desire for on-demand content. It's partly about pricing, but what consumers want is freedom. They want on-demand content and content discovery.
Your subscriptions don't have all of the hidden fees of Comcast -- set top rental, hd technology, sports access, network access, etc.
I save over $70 a month in fees by subscribing to Hulu, Netflix, Sling, CBS All Access, and Amazon Prime. Most of the savings is by not having to rent 5 extra set top boxes.
I'd probably pay Netflix $100/mo if they could deliver everything I would want to watch in streaming format without commercials. As it is, I pay Netflix and Hulu and Amazon and HBO. I don't pay Comcast for cable but I'm paying nearly the same for all the services I subscribe to.