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Author Topic: Pay-TV in US loses 305K subs in Q1  (Read 14 times)
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« on: May 18, 2018, 11:10:55 AM »

The largest pay-TV providers in the US, representing about 95% of the market, lost about 305,000 net video subscribers in the first quarter of the year says Leichtman Research Group, even though AT&T U-verse and skinny-TV services didn’t contribute to the haemorrhaging.

According to LRG, that’s compared to a pro forma loss of about 515,000 subscribers a year earlier. It found that he top pay-TV providers now account for 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 telephone companies 9.2 million subscribers and the top internet-delivered pay-TV services 3.8 million subscribers.

Top cable (Comcast, Charter, Cox, Altice, Mediacom and Cable ONE) lost about 285,000 video subscribers in 1Q 2018, compared to a loss about 115,000 subscribers in the first quarter of 2017; satellite (DISH Network and DirecTV) lost about 375,000 subscribers, compared to losing 340,000 subscribers a year ago.

Telcos (AT&T, Verizon and Frontier) lost about 50,000 video subscribers combined, a big slowdown from the 325,000 they lost a year ago. The quarter represented the fewest net losses for telcos since the third quarter of 2015, and AT&T U-verse didn’t lose subs for the first time since the first quarter of 2015.
Internet-delivered services (Sling TV and DIRECTV NOW) added about 405,000 subscribers, well up from the 265,000 net adds the segment saw in the first quarter of 2017.

“The number of pay-TV subscribers for the top providers peaked six years ago,” said Bruce Leichtman, president and principal analyst for LRG. “Since 1Q 2012, top providers have lost about 3.4 million total pay-TV 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 subscribers.”

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