Q2 Video Subscribers Weakest Quarterly Report on Record, SNL Kagan Says
Q2 had the weakest subscription results for pay-TV, worse than the record drop a year earlier, SNL Kagan said in a news release Monday. Most of the drop was among telcos, while cable -- with decelerating loses -- accounted for…
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a third, SNL Kagan said. Combined, telcos, cable and direct broadcast satellite lost 812,000 video customers, it said. The 298,000 lost cable subscribers were a 13.6 percent decrease in losses year-over-year and the fifth consecutive year of decreased losses for the period ending June 30, SNL Kagan said. Satellite lost 26,000 subscribers, with Dish Network losses offsetting DirecTV net adds, it said. Telco losses gained steam as AT&T shifts from U-verse, with its subscription numbers down nearly 1 million since mid-2015, SNL Kagan said. Some pay-TV industry watchers and insiders see pay TV having peaked and now being in an ongoing decline (see 1608100040).