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How exactly does that math work?
To start you're going to have internet anyway, so factoring that in doesn't make much sense in either case. And there are lots of people who pay upwards of $100 or more for their cable packages, and that doesn't include contracts and cancellation fees. YouTubeTV and the like are around $50-60/mo with no contracts and no extra fees. If you're on a cable deal where you're paying no more than $60 per month then you're breaking even, but then you're still stuck on a contract for a year or two.
And adding in things like Prime video, Hulu, Netflix, Disney+, etc., as some have been doing isn't relevant to the cost argument. You could have those with or without a cable package, and lots of people that have cable also have some or all of those services.
How does factoring in cable not make sense? When you bundle internet and cable, you generally get a discount on internet. You'll be paying more for internet if you get it stand alone.
I have U-Verse: U300 cable plus HBO and 4 boxes/receivers, 300 speed internet. My total bill including taxes, fees, etc. is $110/month.
If I cut cable I'd have to go to AT&T, Xfinity, someone and get internet solely. Looks like 200 mbps would run about $50 a month (and I'd still have a contract) and that doesn't include taxes and fees. Add onto that the streaming service, $50-60 and you're at $110+, which is what I'm paying now, with slower internet.
As for the being stuck in a contract. That doesn't bother me one bit, in fact, I probably prefer it. We've been in our house for 6+ years and have had cable and internet for every single month. I don't anticipate wanting to just cancel anytime soon. At least with a contract, my price is locked in. The downside of not having a contract with a streaming service is they can up the price at any point, which they have done on multiple occasions the last couple years.
Now, as I said in my previous post, if you're someone who has a streaming service for sports then cancels out of football season. Yes, streaming makes total sense for you. But again, that's not the norm. Even if my wife didn't have all her shows she wants to keep the service for, I'd want it for basketball, baseball, etc. Which brings another point, by streaming I won't be able to watch the Astros. Well I could, but that'd be another package to add on.
And I agree that Disney+, Netflix, etc. are a wash. You'd be doing those either way. That's why I'm not factoring them in.