Well, once again it is a really bad time to be a cable TV executive according to a new report by Kagan. According to a new report, pay-TV services lost 0.8% of all their subscribers. According to this report, Comcast and Charter accounted for 59% of all losses in the traditional pay-TV sector.
“Traditional multichannel video losses in the first quarter (period ended March 31, 2018) showed modest improvement over the same period in 2017, but the magnitude of the decline remains elevated, according to the Q1 2018 U.S.” According to a report by Kagan, a media research group within S&P Global Market Intelligence.
The area hardest hit is the satellite TV area with Dish and DIRECTV losing 318,000 subscribers. With losses like that maybe its no surprise Dish and DIRECTV are pushing so hard to move into the live TV streaming world with Sling TV and DIRECTV NOW. For now though live TV streaming services are only making up about half of all traditional pay-TV losses.
According to Kagan “Cable operators logged their largest first-quarter video subscriber decline on record.”
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