ESPN Is Losing Nearly 17,000 Subscribers Every Day


By

on

in

,

ESPN has had a really bad April. It is reported that they lost 500,000 subscribers in April 2018. According to reports, that works out to be a $48 million loss every year from fewer subscribers, which works out to be about 17,000 subscribers every day.

The problem for ESPN is unlike that of many other networks. While networks can cancel a show, ESPN has long-term contracts that guarantee payments to groups like the NBA. The long-term contracts are not tied to the number of ESPN subscribers, so as the ESPN revenue drops their costs stay the same.

Many are trying to peg the loss solely on cord cutting. Yet while cord cutting is a big part of this, 500,000 American homes did not cancel cable TV in April 2018. What many of them likely did was downgrade to TV packages that do not include cable TV: the so-called cord shaving that sees cable subscribers just paying for locals rather than a full cable TV package.

It is true though that cord cutting is growing faster than ever and a big part of ESPN’s troubles are cord cutters. However, if cord cutters want ESPN they could easily sign up for a live TV streaming service like Sling, PlayStation Vue, DIRECTV NOW, or one of the many other options. No, what is happening here is people just don’t want ESPN like they did in the past.

The question now is how long can ESPN go losing 17,000 subscribers every day.

Source: Out Kick The Coverage

Did you know we now have a FREE app for iOS, Android, and Amazon Fire? Click HERE to download our app.

Please follow us on Facebook and Twitter for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.

Disclaimer: To address the growing use of ad blockers we now use affiliate links to sites like http://Amazon.com, streaming services, and others. Affiliate links help sites like Cord Cutters News, LLC stay open. Affiliate links cost you nothing but help me support my family. We do not allow paid reviews on this site. As an Amazon Associate I earn from qualifying purchases.

Subscribe to Our Newsletter

* indicates required

Please select all the ways you would like to hear from :

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.