Pay-TV losses on pace for worst-ever year

By Jim O'Neill on Nov 14 2016 at 1:30 PM
Pay-TV losses on pace for worst-year ever

Pay-TV subscription declines continued at a record pace, with the industry losing an estimated 430,000 subscribers in the third quarter, bring the loss for the first 9 months of the year to 1.3 million, the most ever for the first nine months of the year.

Research firm SNL Kagan said the Q3 loss was higher than a year ago, with the telco segment hit the hardest, fueled by AT&T’s continued move to satellite delivery via DirecTV from its legacy U-verse IPTV product.

AT&T’s U-verse alone lost an estimated 326,000 subscribers in the quarter, bringing the telco segments losses to 382,000 for the quarter and 1.2 million for the first nine months of the year. It added 323,000 subscribers to DirecTV.

Cable operators, meanwhile, had a relatively rosy quarter by comparison, losing 94,000 subscribers.

The satellite segment was up 46,000 overall, despite heavy losses at Dish Network.

Subscriptions to Dish’s streaming service Sling TV, meanwhile, rose to an estimated 925,000.

Stay tuned.

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