Top Pay-TV Providers Lost 305,000 Subscribers Q1 as Internet-Delivered Ones Grew
The top 95 percent of pay-TV providers lost roughly 305,000 net video subscribers in 1Q vs. a loss of about 515,000 subscribers in Q1 2017, said Leichtman Research Group Thursday. The top six cable companies lost about 285,000 video subscribers,…
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widening from a loss of 115,000 subscribers; satellite TV service’s lost subscriptions widened to 375,000 from 340,000; but the top phone providers’ losses narrowed to 50,000 from 325,000 (the fewest since Q3 2015). Internet-delivered services including Sling TV and DirecTV Now added 405,000 subscribers, up from 265,000 net adds in the year-ago quarter. The top pay-TV providers now have about 91.9 million subscribers -- with the top six cable companies having 47.8 million video subscribers, satellite TV services 31.1 million subscribers, the top phone companies 9.2 million subscribers and the top Internet-delivered pay-TV services 3.8 million subscribers. Since the industry’s peak, traditional services have lost about 7.2 million subscribers, while the top publicly reporting internet-delivered services gained about 3.8 million customers, said LRG Principal Bruce Leichtman. The internet-delivered category doesn’t include PlayStation Vue, Hulu with Live TV or YouTube TV, which don't publicly report subscribers.