Dish Network CEO: Streaming Video Is Starting To Replace Traditional Pay TV

The so-called over the top (OTT) services are “becoming a direct replacement for cable and satellite,” [CEO Charlie Ergen,Dish Network] said in a call to discuss his company’s Q4 performance. And programmers who want to keep the traditional pay TV bundle — long the industry’s cash cow — need to adapt. “If they continue to raise prices, [and] continue to have 16 to 18 minutes of advertising per hour … then that deceleration will increase,” Ergen says. The OTT world “is more consumer-friendly.” – David Lieberman, Deadline Hollywood