'There are now as many non-subscribing households (46 million) as there were pay TV subscribers in 1988,' noted MoffettNathanson analysts.
"There are now as many non-subscribing households as there were pay TV subscribers in 1988," noted MoffettNathanson analysts.
They warned: "With sports off the air, and with the pain of the tsunami of unemployment just beginning to hit as the quarter ended, all these numbers will get worse in the second quarter." Cable operators’ 600,000 subscriber drop in the quarter, making for a 4 percent annual rate of decline, "looks positively gentle by comparison," the analysts wrote. "But it, too, was the worst on record."
Altice USA lost fewer pay TV subscribers, 42,000, than its big cable peers, with the MoffettNathanson analysts estimating that others in the cable sector lost 125,000 in the latest quarter. The analysts said they believe that fuboTV lost subscribers in the first quarter just like Sling and AT&T TV Now, while "Disney’s Hulu Live TV appears to have hit a wall in the wake of multiple price increases, growing by only about 100,000 subscribers in the first quarter, an abrupt deceleration from their recent torrid growth." What about the roughly 500,000 subscribers of Sony’s PlayStation Vue service, which shut down at the end of January.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Should I Pay Rent When My Boyfriend Owns the House?'I would want to contribute to housing costs, but it seems a bit unfair to split a mortgage payment down the middle when it’s going toward the house he ultimately owns'
Read more »
‘All night, my eyes are open’: After mass job losses, Americans forced to choose: Pay bills or buy food?In seven weeks, 30 million Americans filed for unemployment. The economic crisis has hurt families, workers and businesses.
Read more »
‘All night, my eyes are open’: After mass job losses, Americans forced to choose: Pay bills or buy food?A mom fed her child tuna and sardines for weeks. A sister lost her job while she worried she’d lose her brother, too. As coronavirus wreaks economic havoc, these Americans are on the brink.
Read more »
‘All night, my eyes are open’: After mass job losses, Americans forced to choose: Pay bills or buy food?In seven weeks, 30 million Americans filed for unemployment. The economic crisis has hurt families, workers and businesses.
Read more »
Sinclair Broadcasting will pay $48 million civil penalty to FCCSinclair Broadcasting will pay the largest civil penalty involving a broadcaster in the Federal Communications Commission's history.
Read more »
When retailers don't pay rent ... who does?With billions of dollars in lost payments at stake, retail landlords have been working aggressively to find some resolution with struggling tenants.
Read more »