These statistics show that the majority of people already uses the internet to watch videos so using it to watch all of the content they visually consume would not be that large of a jump. Reasons why the internet will put traditional television out to pasture start with the price.
The price difference between traditional and internet based television is quite astonishing. Last year in 2013 the average price of basic service, according to the Federal Communications Commission, was $22.63 a month, for expanded basic service it an average cost of $64.41 per month and $81.64 for “next most popular service and equipment” (Chief, Media Bureau). That is well over twice as much as most internet based television providers such as Netflix or Hulu Plus. Netflix for example starts at $7.99 a month for access to thousands of television shows and movies on demand