How Much Longer Can Cable last?

Well I know not many of you are aware of this, but there are a lot of people who are canceling their cable subscription. People are choosing a more alternative route to cable use through things like Netflix and Hulu Plus. There are also other reasons people are doing this, some might not even have the time to watch TV, all of their favorite shows are canceled, and the big reason is the Internet. All the things that a person would want to see is on the Internet you just got to go searching for it. Now you don't need to be in front of a computer screen all day to watch things like Netflix and Hulu because there are alternatives such as buying simple things like an Xbox one, a Xbox 360, a PS3, and a PS4. There are also other things you can hook up to your TV that could provide you with the ability to watch Netflix and things. For example you can use a Streaming Internet Player. It is simple to hook up and us. Another reason people are canceling their cable subscriptions is because of the those stupid lucrative contracts the cable companies are putting out. The company needs to make money I get it, but they when you sign the contract usually what happens is that the next month or two your bill will  rise and when you try to call and find out what happened they will put you on hold. Not the fact that once you get a hold of someone they will transfer you to other people who you need to wait for as well and then they will transfer you and the cycle will end until you reach the person who has your answer except you were put on hold for so long you forgot why you even called. Cable seems to be dying fast with the rise of the Internet, Netflix, Hulu, and other things because they don't really raise prices or have lucrative contracts (depending on who you getting your Internet from and what sites you are watching).
I personally have no problem with canceling my cable because I barley watch TV to begin with. I would rather watch a free movie on Netflix then pay $5.99 for a movie that is on demand. Plus you gotta think, a one month subscription to Netflix is only $13 (give or take a $ or so) and Netflix has plenty of movies and shows that can keep you busy. So ya I'm going to side with the people that are canceling their cable subscription.
What do you think?