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Cable Networks in the US - Market Research Report (2012-2027)

Arielle Rose Arielle Rose New York, United States Last Updated: August 2022 NAICS 51521

Revenue

$94.1bn

2022

$94.1bn

Past 5-Year Growth

Profit

$XX.Xbn

Employees

54,956

Businesses

471

Wages

$X.Xbn

Cable Networks in the US industry analysis

Operators in the Cable Networks industry produce and acquire programs that it then supplies to third-party broadcasters for dissemination. The industry has responded to waning TV subscriptions by expanding its premium content offerings over the five years to 2022. In addition, the industry also derives a significant portion of its revenue from advertising fees. Therefore, industry revenue benefited as total advertising expenditure in the US rose to unprecedented levels. However, the rise in online streaming services and the recent spread of COVID-19 (coronavirus) deterred industry performance. Overall, IBISWorld projects industry revenue will decline an annualized 1.5% over the five years to 2022, dropping to $94.1 billion in 2022, despite growing 0.9% in 2021 and an expected 0.1% in 2022 as the economic fallout of the coronavirus pandemic gives way to an economic recovery.Streaming video platforms represent an additional media outlet for industry content as these providers license content from industry operators. However, streaming platforms moved to offer original content, which have enabled these platforms to become a primary competitor to the industry. Large industry operators have been quick to embrace new digital platforms. WarnerMedia, now a subsidiary of AT&T Inc., launched HBO Max in 2020. The Walt Disney Company launched Disney+, a stand-alone streaming service, while also acquiring 21st Century Fox Inc. and buying out partners in Hulu to bolster its digital offerings. Although industry competition has increased, profit has remained significant because many of the largest networks wield substantial market power over content distributors.The industry's foremost challenge over the five years to 2027 is declining cable TV subscriptions. This trend has hampered growth and must be offset either by negotiating higher fees or through the introduction of alternative revenue streams; streaming services will likely be part of the answer in the outlook period. These services, particularly those that broadcast live, enable operators to attract a larger audience and, thus, make advertising airtime more valuable. Additionally, as HBO has demonstrated, networks with in-demand content can boost revenue through subscription fees. Industry revenue, however, is expected to decline an annualized 0.3% to $92.4 billion over the five years to 2027 as the economy recovers from the recent downturn and live sports return to TV, supporting advertising revenue.

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    Industry Statistics and Trends

    Market size and recent performance (2012-2027)

    Industry revenue has declined at a CAGR of 1.5 % over the past five years, to reach an estimated $94.1bn in 2022.

    Trends and Insights

    Cable Networks in the US
    Revenue (2012-2027)
    IBISWorld Logo Source: IBISWorld

    Industry outlook (2024-2029)

    Market size is projected to decline over the next five years.

    Trends and Insights

    Biggest companies in the Cable Networks in the US

    Company
    Market Share (%)
    2022
    Revenue ($m)
    2022
    Profit ($m)
    2022
    Profit Margin (%)
    2022
    Nbcuniversal Media, Llc
    18,589.8
    2,823.8
    15.2
    Walt Disney Co
    17,351.6
    2,542.5
    14.7
    At&T Inc.
    13,630.9
    -517.8
    -3.8

    To view the market share and analysis for all 5 top companies in this industry, view purchase options.

    Products & Services Segmentation

    Cable Networks in the US
    Products & Services
    IBISWorld Logo Source: IBISWorld

    Industry revenue is measured across several distinct product and services lines, including Content licensing, National and regional advertising and Local advertising. Content licensing is the largest segment of the Cable Networks in the US.

    Trends and Insights

    Licensing garners the majority of revenue for cable networks

    • Licensing of rights to broadcast or distribute content comprises more than half of industry revenue, including specialty programming and channel services provided to basic and digital cable operators.
    • More insights available in the full report

    Table of Contents

    About this industry

    Industry definition

    This industry operates studios and facilities and distributes TV programs on a subscription or fee basis through cable providers and other platforms. Operators include specialty TV cable networks and pay-per-view programming. Programming production and satellite broadcasters are excluded from this industry.

    What's included in this industry?

    Operation of facilities for subscription or fee-based broadcastingAcquisition or production of programming for supply to third-party broadcastersLimited format programming of news, sports and educational programs

    Companies

    Nbcuniversal Media, LlcWalt Disney CoAt&T Inc.

    Purchase this report to view all 5 major companies in this industry.

    Related Terms

    DIGITALHIGH-DEFINITION (HD)SMALL CABLE OPERATORFEDERAL COMMUNICATIONS COMMISSION (FCC)CHURN

    Industry Code

    NAICS 2017

    NAICS 51521 - Cable Networks in the US

    Performance

    Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

    Analyst insights

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    In this chapter (4)

    • Current Performance
    • Outlook
    • Volatility
    • Life Cycle

    Key metrics

    • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
    • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
    • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
    • Total Profit, Profit Margin, Profit per Business

    Charts

    • Revenue, including historical (2012-2021) and forecast (2022-2027)
    • Employees, including historical (2012-2021) and forecast (2022-2027)
    • Businesses, including historical (2012-2021) and forecast (2022-2027)
    • Profit, including historical (2012-2022)
    • Industry Volatility vs. Revenue Growth
    • Industry Life Cycle

    Detailed analysis

    • Trends in supply, demand and current events that are driving current industry performance
    • Expected trends, economic factors and ongoing events that drive the industry's outlook
    • Key success factors for businesses to overcome volatility
    • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

    Products and Markets

    Learn about an industry's products and services, markets and trends in international trade.

    Analyst insight

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    In this chapter

    • Products & Services
    • Major Markets

    Key metrics

    • Largest market segment and value in 2022
    • Product innovation level

    Charts

    • Products & services segmentation in 2022
    • Major market segmentation in 2022

    Detailed analysis

    • Trends impacting the recent performance of the industry's various segments
    • Innovations in the industry's product or service offering, specialization or delivery method
    • Key factors that successful businesses consider in their offerings
    • Buying segments and key trends influencing demand for industry products and services

    Geographic Breakdown

    Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

    Analyst insights

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    In this chapter (1)

    • Business Locations

    Charts

    • Share of revenue, establishment, wages and employment in each state
    • Share of population compared to establishments in each region in 2022

    Tables

    • Number and share of establishments in each state in 2022
    • Number and share of revenue each state accounts for in 2022
    • Number and share of wages each state accounts for in 2022
    • Number and share of employees in each state in 2022

    Detailed analysis

    • Geographic spread of the industry across North America, and trends associated with changes in the business landscape
    • Key success factors for businesses to use location to their advantage

    Competitive Forces

    Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

    Analyst insights

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    In this chapter (4)

    • Concentration
    • Barriers to Entry
    • Substitutes
    • Buyer & Supplier Analysis

    Key metrics

    • Industry concentration level
    • Industry competition level and trend
    • Barriers to entry level and trend
    • Substitutes level and trend
    • Buyer power level and trend
    • Supplier power level and trend

    Charts

    • Market share concentration among the top 4 suppliers from 2017-2022
    • Supply chain including upstream supplying industries and downstream buying industries, flow chart

    Detailed analysis

    • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
    • Key success factors for businesses to manage the competitive environment of the industry.
    • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
    • Key success factors for potential entrants to overcome barriers to entry.
    • Competitive threats from potential substitutes for the industry’s own products and services.
    • Key success factors for how successful businesses can compete with substitutes.
    • Advantages that buyers have to keep favorable purchasing conditions.
    • Advantages that suppliers have to maintain favorable selling conditions.
    • Key success factors for how businesses can navigate buyer and supplier power.

    Companies

    Learn about the performance of the top companies in the industry.

    Analyst insights

    In this chapter

    • Market Share Concentration
    • Companies
    • Company Spotlights

    Charts

    • Industry market share by company in 2018 through 2022
    • Major companies in the industry, including market share, revenue, profit and profit margin in 2022
    • Overview of Nbcuniversal Media, Llc's performance by revenue, market share and profit margin from 2016 through 2022
    • Overview of Walt Disney Co's performance by revenue, market share and profit margin from 2016 through 2022
    • Overview of At&T Inc.'s performance by revenue, market share and profit margin from 2016 through 2022
    • Overview of revenue, market share and profit margin trend for 2 additional companies

    Detailed analysis

    • Description and key data for Nbcuniversal Media, Llc, and factors influencing its performance in the industry
    • Description and key data for Walt Disney Co, and factors influencing its performance in the industry
    • Description and key data for At&T Inc., and factors influencing its performance in the industry
    • Description, key data and performance trends for 2 additional companies

    External Environment

    Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

    Analyst insights

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    In this chapter

    • External Drivers
    • Regulation & Policy
    • Assistance

    Key metrics

    • Regulation & policy level and trend
    • Assistance level and trend

    Charts

    • Regulation & Policy historical data and forecast (2012-2027) 
    • Assistance historical data and forecast (2012-2027) 

    Detailed analysis

    • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
    • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
    • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

    Financial Benchmarks

    View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

    Analyst insights

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    In this chapter

    • Cost Structure
    • Financial Ratios
    • Key Ratios

    Key metrics

    • Profit margin, and how it compares to the sector-wide margin
    • Average wages, and how it compares to the sector-wide average wage
    • Largest cost component as a percentage of revenue
    • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

    Charts

    • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2022
    • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2022
    • Investment vs. share of economy

    Data tables

    • Industry Multiples (2015-2020)
    • Industry Tax Structure (2015-2020)
    • Income Statement (2015-2020)
    • Balance Sheet (2015-2020)
    • Liquidity Ratios (2015-2020)
    • Coverage Ratios (2015-2020)
    • Leverage Ratios  (2015-2020)
    • Operating Ratios (2015-2020)
    • Cash Flow & Debt Service Ratios (2012-2027)
    • Revenue per Employee (2012-2027)
    • Revenue per Enterprise (2012-2027)
    • Employees per Establishment (2012-2027)
    • Employees per Enterprise (2012-2027)
    • Average Wage (2012-2027)
    • Wages/Revenue (2012-2027)
    • Establishments per Enterprise (2012-2027)
    • IVA/Revenue (2012-2027)
    • Imports/Demand (2012-2027)
    • Exports/Revenue (2012-2027)

    Detailed analysis

    • Trends in the cost component for industry operators and their impact on industry costs and profitability 

    Key Statistics

    Industry Data

    Data Tables

    Including values and annual change:

    • Revenue (2012-2027)
    • IVA (2012-2027)
    • Establishments (2012-2027)
    • Enterprises (2012-2027)
    • Employment (2012-2027)
    • Exports (2012-2027)
    • Imports (2012-2027)
    • Wages (2012-2027)

    Top Questions Answered

    Unlock comprehensive answers and precise data upon purchase. View purchase options.

    What is the market size of the Cable Networks in the US industry in United States in 2024?

    The market size of the Cable Networks in the US industry in United States is $94.1bn in 2024.

    How many businesses are there in the Cable Networks in the US industry in 2022?

    There are 471 businesses in the Cable Networks in the US industry in United States, which has grown at a CAGR of 4.7 % between 2017 and 2022.

    Has the Cable Networks in the US industry in United States grown or declined over the past 5 years?

    The market size of the Cable Networks in the US industry in United States has been declining at a CAGR of 1.5 % between 2017 and 2022.

    What is the forecast growth of the Cable Networks in the US industry in United States over the next 5 years?

    Over the next five years, the Cable Networks in the US industry in United States is expected to decline.

    What are the biggest companies in the Cable Networks in the US market in United States?

    The biggest companies operating in the Cable Networks market in United States are Nbcuniversal Media, Llc, Walt Disney Co and At&T Inc.

    What does the Cable Networks in the US in United States include?

    Operation of facilities for subscription or fee-based broadcasting and Acquisition or production of programming for supply to third-party broadcasters are part of the Cable Networks in the US industry.

    Which companies have the highest market share in the Cable Networks in the US in United States?

    The company holding the most market share in United States is Nbcuniversal Media, Llc.

    How competitive is the Cable Networks in the US industry in United States?

    The level of competition is moderate and increasing in the Cable Networks in the US industry in United States.

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    Methodology

    How are IBISWorld reports created?

    IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

    Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

    IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

    What data sources do IBISWorld analysts use?

    Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

    Key data sources in the US include: 

    • US Census Bureau
    • US Bureau of Labor Statistics
    • US International Trade Commission

    Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

    These sources include:

    • Industry and trade associations
    • Industry federations or regulators
    • Major industry players annual or quarterly filings

    Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

    How does IBISWorld forecast its data?

    IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

    IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

    Learn more about our methodology and data sourcing on the Help Center.