To some people, cutting the cord is a no brainer. With the economic slump, many have made due with Netflix, Hulu, among a bevy of other services.
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Rumors? What rumors? Hulu this morning during its Newsfronts presentation said it will start streaming feeds from broadcast and cable nets in Q1 2017, making it the first SVOD company to offer live content and giving it a potential edge on rivals Netflix and Amazon Prime Instant Video.
The streamer will create a "deeply personalized experience" merging linear TV and on-demand video, said CEO Mike Hopkins.
Millennials and Gen Edge have been getting most of the press for being cord cutters and cord nevers, but a new study – albeit more anecdotal than scientific – suggests that older consumers who’ve cut the cord are happy with the experience and unlikely to return to the pay-TV fold.
Todd Juenger, a Sanford Bernstein media analyst, recently held a two-day panel in Boston and New York asking 30+ year olds who’ve cut the cord why they did it and if they were likely to return.
Time Warner Cable – which could be consumed by Charter Communications by mid-May if its takeover bid is approved – delivered better-than-expected Q1 results with adjusted earnings of $518 million, or $1.81 per share, compared to $1.65 a year ago, on revenue that rose 7% to $6.19 billion. Analysts expected adjusted earnings of $1.74 a share on revenue of $6.14 billion.
Charter Communications reporter bigger-than-expected losses for the first quarter of $188 million, or $1.68 per share, about double what Wall Street had expected.
The company blamed weakness in its video business for the disappointing earnings on revenue of $2.53 billion, up more than 7% and in line with analyst forecasts. A year ago, Charter lost $81 million (73 cents per share) in the first quarter last year.