Pay-TV Likely Lost 1.28 Million Subs in Q2, Wells Fargo Analyst Says
Q2 likely saw pay-TV subscriber losses of 1.28 million -- or 858,000 when streaming bundles are factored in -- Wells Fargo analyst Marci Ryvicker wrote investors. With Q1 already having a 748,000 loss -- or 328,000 including streaming subscribers --…
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she said Q2 is traditionally the weakest quarter of the year, and Hulu and YouTube have launched streaming bundles and there's increased incumbent MVPD competition with AT&T aggressively promoting DirecTV and DirecTV Now and no Verizon strike underway.