A recent study from a consumer research firm found an astonishing 41% of U.S. adults said they’d be shaving — or cutting — the pay-TV cord in the next 12 months. They also found satisfaction with OTT was higher than with pay TV and that they were more likely to recommend an OTT service to a friend or family member than a pay-TV service.
Yet another report out today pointing to growing U.S. pay-TV subscriber losses as customers continue to bail on traditional television.
Leichtman Research Group (LRG) said the 11 biggest pay-TV providers in the U.S. lost about 665,000 subscribers in Q2, an increase of more than 22% compared to the 545,000 it lost in Q2 2015.
That brings losses over the past year to more than 705,000, 86% more than the previous year when the industry lost 380,000 customers.
Hulu’s free streaming service, which it launched in 2007, soon will be just a memory; the service instead is going to concentrate on growing its subscription service that now has roughly 12 million subscribers.
But for you (few) users who are still using “free” Hulu, you won’t be left high and dry.
Verizon, the odds-on favorite to buy Yahoo, today finalized the deal, paying $4.83 billion for Yahoo’s Web assets and in the process expanding its digital advertising business.
It appears Verizon isn’t the only company that has Yahoo on it’s shortlist.
CNBC is reporting that there have been multiple offers made to the troubled Internet portal for its core business, several above $5 billion, which puts Verizon’s reported $3.5 billion bid in the rearview mirror.
Yahoo’s board meets Friday to weigh the offers it’s received.
The disparity in bids may be due to different offers being made for different Yahoo “core” assets.
ESPN and Verizon have settled the 2015 breech of contract suit the sportscaster filed against Verizon after the telco moved it off the FiOS-TV service basic skinny bundle that was created in an effort to lure Millennials and other cord nevers and cutters to the operator.
Verizon saw its FiOS video subscribers growth remain stunted in the first quarter, adding just 36,000 new customers and lending weight to rumors that the company may be looking to exit the traditional pay-TV market to focus on an Internet and mobile play instead.
The company reported EPS of $1.06, in line with Wall Street expectations, but missed expected revenues by $320 million, coming in at $32.17 billion.
Verizon has wrapped up its $10.5 billion deal with Frontier Communications, closing on the sale of Verizon's local wireline assets in California, Florida and Texas.
The deal helps Verizon shed some debt from the AWS-3 FCC spectrum auction early last year.
Included in the deal: Some 2.1 million broadband connections, 1.2 FiOS TV subscribers and about 3.3 million voice connections. Verizon also walks away from its local ILEC businesses.
Verizon is adding yet another piece to its Verizon Digital Media Services stack in an attempt to move up market in the Cloud TV space, announcing it had acquired broadcast monitoring and content archiving company Volicon. No terms for the deal were made public.
Pay-TV in North America is set to see its penetration in the region decline to 80% by 2021 from the current 87% as consumers move away from legacy service providers to alternatives like SVOD and virtual MSOs. A new study for Digital TV Research said that the number of pay-TV subscribers will see only a small decline, to 106 million in the United States and Canada, from 112 million in 2012, pay TV’s peak year.
The 17 largest cable and telephone providers in the U.S. – representing about 94% of the market – added more than 3.1 million high-speed Internet subscribers in 2015, the most in a single year since 2010, when they added 3.4 million. The increase was just slightly more than a year ago, when operators added 3 million broadband subscribers.
CBS isn’t saying just how many people streamed the Denver Broncos win over the Carolina Panthers in Super Bowl 50, but claim the sportstacular saw a record audience watch the game via the Internet.
What’s a record?