Tag Archives: pay tv

Lionsgate Shares Drop on Rumors Comcast Will Drop Starz

Comcast and Lions Gate were unavailable to respond to requests for clarification, and a deal in place now is still four months away from expiring, but investors were punishing the film and TV studio and Starz parent by bidding shares down on more than twice the stock’s normal trading volume. – Paul Bond, The Hollywood Reporter » https://www.hollywoodreporter.com/news/lionsgate-shares-drop-rumors-comcast-will-drop-starz-1235673 [photo: Lions Gate/Facebook]

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Cord cutting is getting ‘freaking ugly,’ analyst says

The three providers reported an aggregate of more than 1.2 million video subscriber losses, which lead MoffettNathanson to estimate the cord-cutting rate would reach 5.5% during the second quarter. That would be the worst it’s ever been, and the firm expects the trend will continue to accelerate during the second half of 2019. Although, when accounting for virtual MVPD subscriber growth, the rate slows to 2.7%.- Ben Munson, FierceVideo » https://ift.tt/2YyC5du

Disney and Charter are talking about carriage fees, and the outcome could affect how much you pay for cable in the streaming era

Content providers who have long pushed for higher carriage fees could face severe pushback from pay-TV providers who say that linear networks aren’t as valuable because so much content is available online — not only at Netflix and Amazon, but now within the content companies’ own streaming products. Moreover, if customers do flee the pay-TV bundle for streaming services, pay-TV providers may want to cut content spending even more to keep costs down. – Alex Sherman, CNBC » https://cnb.cx/32pUcVV

Charter gets to stay in New York, reaches new deal with state to roll out internet service

Per the agreement, “Charter will expand its network to provide high-speed broadband service to 145,000 residences and businesses entirely in Upstate New York” by September 30th, 2021, with Charter to foot the estimated $600 million bill for that expansion. By the Public Service Commission’s estimate, Charter has reached approximately 65,000 of the required 145,000 addresses it’s obligated to, meaning that it’ll have plenty of work over the next two years in order to hit that deadline. – Chaim Gartenberg, The Verge » https://ift.tt/2GcuquT

Comcast to Pay Millions After Judge Finds It Illegally Screwed Over Customers 445,000 Times

Comcast’s Service Protection Plan cost $6 a month (it was $5 a month until just before Ferguson filed his lawsuit) and effectively covered the expense of a technician showing up to your home to inform you that something is wrong. That’s… pretty much all it covered, due to a bunch of caveats detailed in the program’s fine print. It was a monthly cost that basically got you nothing, and yet Comcast added it on to 30,946 Washingtonians’ accounts without informing them, according to state authorities, who said it didn’t provide 18,660 Washingtonians with accurate information on how much the program costs. – Melanie Ehrenkranz, Gizmodo » http://bit.ly/2WUFc2q

Pay-TV revenues to fall to 2010 levels

Eight of the top 10 countries will lose revenues between 2018 and 2024. The US will fall by $21 billion – or down by 22%. US pay-TV revenues peaked in 2015, at $106 billion, but its total will drop to $76 billion in 2024. The US is not the only loser, the UK will fall by nearly $1 billion between 2018 and 2024 – or down by 14%. – Broadband TV News » http://bit.ly/2HYtXxu

Top US TV providers lose a record 1.3MN subscribers in Q1

AT&T had a net loss of about 625,000 subscribers across its three pay-TV services (DIRECTV (satellite), AT&T U-verse (IPTV) and DIRECTV NOW (vMVPD) in 1Q 2019 – compared to a net gain of about 125,000 subscribers in 1Q 2018. The leading pay-TV provider in the US, this meant that AT&T accounted for 47% of the net losses in the quarter. – Michelle Clancy, Rapid TV News » http://bit.ly/2Q7v3cN

Skinny bundles fail to dent OTT giants

Based on 66 OTT providers, led by Netflix, Hulu, Amazon, the survey estimates US OTT access revenue grew 37% to $16.3 billion in 2018. The research noted that fundamentally traditional TV access subscriptions continue to decline and that as subscribers pay higher prices due to ongoing programmer price increases while traditional TV advertising revenue plateaus. Indeed the analyst projects that 2020 revenue for the latter will beon par with 2016. – Joseph O’Halloran, Rapid TV News » http://bit.ly/2XAEGmP
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