The Cable Industry Makes a Strong Economic Impact Across the U.S.
If there is one trademark of the American cable industry, it’s that you can find employees in nearly every community, with at least 300 in every congressional district. An industry that was born in rural America continues to build powerful broadband networks in nearly every corner of our country. At the same time, it continues to produce the award-winning TV programming that is attracting the best creators and brightest stars, transforming living rooms into home theaters. It’s a diverse workforce of all skill levels and backgrounds.
In a highly competitive marketplace, the industry's story is one of growth, creativity and innovation. Its expansion continues to have a significant positive impact not only on the national economy and workforce, but also on the millions of consumers and businesses that utilize its innovative services and features. Billions of dollars annually are being invested to improve the speed and capacity of networks. And, billions more are creating the celebrated shows and TV Everywhere services so viewers can enjoy their favorite entertainment anytime and anywhere.
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Powering the internet
The industry's broadband networks provide the platform for some of the world's biggest companies - Amazon, Google, Facebook, Netflix and more - to grow, experiment and thrive.
Fastest broadband for all
Cable's fact and powerful internet services are available to over 100 million U.S. homes, with average peak connection speeds exceeding 50Mbps in all 50 states.
Taking TV to the next era
Groundbreaking programing that dominates rating and awards is the hallmark of cable's entertainment offering, and more "anywhere anytime" services are being introduced. Annual spending on programming by basic cable networks grew from $1.4 billion in 1990 to $38.2 billion in 2016. These investments have created an exponential increase in high-quality, original content.
Contributing to communities
The industry contributes to charities, non-profits and state/municipal governments nationwide. In 2016, franchise fees paid directly to local municipalities totaled over $3.5 billion. In addition, subscriber taxes and fees added $4.2 billion in revenues to state and local governments.
A Study of the Cable Industry's Impact on the U.S. Economy
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Direct & Indirect Jobs
Cable Operator Employees
Total Economic Impact