Traditional Providers Losses, 1st Quarter 2023 Edition

[KAB]

___________

Fill it in.

Pop goes the bubble.

 

[Mochuf]

___________

Fill it in.

Pop goes the bubble.

Dude, the bubble has already popped. That's what this thread is all about. Traditional pay TV is dying.

 

[Bruce]

missed Fios a few day ago-

Verizon registered 74,000 Fios Video net losses in the quarter

So with Charter, Comcast and Verizon Fios, already at 925,000 with three cable companies reported.

Wide Open West just reported, -6300, the only difference here vs the others is they quit selling new Video Service more then a year ago, they now only have 117,000 left getting Video with plans to shut it down by the end of the year, just be a broadband service.

Also a net loss of -38 Million.

WOW! REPORTS FIRST QUARTER 2023 RESULTS

/PRNewswire/ -- WideOpenWest, Inc. ("WOW!" or the "Company") (NYSE: WOW), one of the nation's leading broadband providers, with an efficient, high-performing...

www.prnewswire.com

 

[KAB]

I am responding to a few posts somewhere in this sub-forum. I have Amazon Prime, not only for the shipping, but Video as well. Compared to Netflix, Amazon has a much DEEPER library of classic movies and TV shows, I already get it, yes, but if I had to, I would dump Netflix and keep Prime Video.

 

[Bruce]

So with Charter, Comcast and Verizon Fios, already at 925,000 with three cable companies reported.

Wide Open West just reported, -6300, the only difference here vs the others is they quit selling new Video Service more then a year ago, they now only have 117,000 left getting Video with plans to shut it down by the end of the year, just be a broadband service.

Also a net loss of -38 Million.

WOW! REPORTS FIRST QUARTER 2023 RESULTS

/PRNewswire/ -- WideOpenWest, Inc. ("WOW!" or the "Company") (NYSE: WOW), one of the nation's leading broadband providers, with an efficient, high-performing...

www.prnewswire.com

New Report-Atlice's Optimum cable TV service lost 58,600 TV customers.

Now at 989,900 lost in the first quarter, still have a bunch to report, Dish ( which might be a wacky report because of the hacking), Cox, DirecTV which is estimated at 750,000 with the loss of Sunday Ticket, then all the little providers.

Altice USA Reports First Quarter 2023 Results

Launches 'Optimum Complete' New Converged Internet + Mobile Offer Delivers Best Fiber Customer Growth Quarter, Ending Q1 at 210K Fiber…...

investors.alticeusa.com

 

[Bruce]

From the Altice report, just noticed this-

Meanwhile, Altice USA is also looking into ways to outsource its struggling video business, particularly in areas where it's building out new fiber networks.

This is a big deal, Altice is the 4th largest Cable Company and would join Wide Open West, Frontier, Fios, Sparklight. and a bunch of other smaller providers either not providing new video service or not at all.

Altice USA teases 8-Gig speeds, ponders pay-TV options

Altice USA lost broadband subscribers in Q1, despite adding a record 38,000 fiber subs. Meanwhile, the company ponders its pay-TV future.

www.lightreading.com

The 4th Largest Cable TV Company is Considering Outsourcing Its TV Service In New Markets | Cord Cutters News

Recently multiple smaller cable TV companies have recently shut down their TV services and have, in some cases, outsourced it to services like YouTube TV. Now according to Atlice USA, which operates under the brand Optimum, is looking at outsourcing its TV service in new markets. Update: We have...

cordcuttersnews.com

 

[Bruce]

New Report-Atlice's Optimum cable TV service lost 58,600 TV customers.

Now at 989,900 lost in the first quarter, still have a bunch to report, Dish ( which might be a wacky report because of the hacking), Cox, DirecTV which is estimated at 750,000 with the loss of Sunday Ticket, then all the little providers.

Altice USA Reports First Quarter 2023 Results

Launches 'Optimum Complete' New Converged Internet + Mobile Offer Delivers Best Fiber Customer Growth Quarter, Ending Q1 at 210K Fiber…...

investors.alticeusa.com

Fubo TV lost 160,000, so now at negative 1,149,900 already, Dish reports on Monday.

Fubo Cuts First-Quarter Loss Despite Shedding U.S. Subscribers

Stock jumps on better-than-expected results

www.nexttv.com

 

[Bruce]

Dish just reported- 552,000 lost in the first quarter.

With that, now at 1,701,900 lost in the first quarter, so with DirecTV's estimated loss of 500,000-750,000 ( 500,000 is what they lose every quarter, 750,000 because of ST leaving).

We are, at least, 2,201,900 lost in the first quarter with Cox left to report plus all the little providers.

With these estimated losses, total Live Pay TV will be at, roughly, 66 million ( this includes internet delivered Live TV, which is at 13 million), so that leaves Traditional Providers ( Cable/Satellite) at 53 Million, they will easily be under 50 million by the end of the year.

In 2015, no live tv streaming, Cable/Satellite had 100 million subscribers, today 53 million, by the end of the year, 47-49 million, that means they will have lost 51-53 million of it's video subscribers in just 8 years.

I have been posting Traditional Live TV Providers have 2 years to course correct, with these new numbers, end of the year at best, looking at 7-8 million lost this year, 9-10 million next year, by then Cable/Satellite will be in the low 40 million total subscriber's range.

This is even worse for the RSNs, since the internet delivered and Dish do not offer them, that means only about 30 million (paying per sub fee) will get them by the end of 2025, out of 135 Million Households ( anticipated by then).

 

[navychop]

Beginning to look like ATSC 3 might be the last nail in the coffin, rather than the savior.

 

[Bruce]

Dish just reported- 552,000 lost in the first quarter.

With that, now at 1,701,900 lost in the first quarter, so with DirecTV's estimated loss of 500,000-750,000 ( 500,000 is what they lose every quarter, 750,000 because of ST leaving).

We are, at least, 2,201,900 lost in the first quarter with Cox left to report plus all the little providers.

See, not starting a new thread.

Internet Live TV is not being spared from churn.

Hulu Live lost 100,000

It joins Sling and Fubo in the loss column for OTT Live TV Providers.

On Reddit, a couple of insiders ( claim to be) post that YTTV did not gain, but did not lose either.

So this quarter so far loss is at 1,801,900 official , then DirecTV's estimated loss of 500,000 to 750,000 and Cox yet to report (June), looking at a loss of at least 2,301,900 this quarter.

Last year, first quarter loss was 1.95 million, so at least, almost 400,000 more this year in the same quarter.

 

[Bruce]

See, not starting a new thread.

Internet Live TV is not being spared from churn.

Hulu Live lost 100,000

It joins Sling and Fubo in the loss column for OTT Live TV Providers.

On Reddit, a couple of insiders ( claim to be) post that YTTV did not gain, but did not lose either.

So this quarter so far loss is at 1,801,900 official , then DirecTV's estimated loss of 500,000 to 750,000 and Cox yet to report (June), looking at a loss of at least 2,301,900 this quarter.

Last year, first quarter loss was 1.95 million, so at least, almost 400,000 more this year in the same quarter.

Moffett reported that YTTV gained 300,000 in the first quarter.

If true ( Moffett seems to be wrong a lot), that means YTTV is the only Live TV Provider to gain subs in the reported First Quarter, I doubt Sunday Ticket had anything to do with it since the pre-sale was not up yet.

Another thing, with YTTV gains, that brings us to at least 2 Million still gone in this quarter , that did not go to another live tv service, traditional or internet, that means another 2 million pure cord cutters were created because they thought Paid Live TV was not worth it anymore.

 

[Bruce]

Final numbers are out, total of 2.215 Million left Live Paid TV, 300,000 more then last year's 1st Quarter of 1.9 million.

A few things stand out
First YTTV gain was only 100,000, not 300,000 as Moffett reported, so he was incorrect ( big surprise), but YTTV was still the only Live Paid TV Service that gained subscribers.

DirecTV, Cox and Mediacom's numbers are estimated, so that could increase or decrease the total.

Also means 2.1 Million more former Live Paid TV ( along with those who left previously ) subscribers became real cord cutters, they did not leave Cable/Satellite to go to YTTV for example, just gone.

Cable/Satellite had 100 Million subscribers in 2015 ( no Live TV streaming then), have now lost 40 million in just 8 years.

Internet Live TV is also slowing down (YTTV) or losing subscribers ( the rest of them), so that shows it is not Cable/Satellite, it is people are showing they do not care about Live TV.

With less and less new content, the same reruns that are shown on Cable Channels are also on Pluto and the other free services, it obvious that more people are finding that over $100 Bill Live TV is just not worth it.

Since the Network's Streaming Services (Hulu/ABC and Fox and the cable channels ABC owns, Peacock/NBC and the cable channels, Paramount+/CBS and the Cable Channels) have the same content + the exclusive stuff for $35 a month ( all commercial free) vs that over $100 bill.

That, at least, $65 difference allows Cord Cutters to pick up other services, say Netflix, HBO, Showtime (+2 more with Paramount) or Disney+ with ESPN+ ( for $5 more with Hulu) and still be saving $30-40 over a Traditional Providers Bill.

Now that the most popular sport, NFL Football has moved over to streaming, not just with the same games on the Networks, but exclusive also ( on ESPN+, Peacock, Amazon), these numbers will get even bigger.

Home - Leichtman Research Group, Inc.

Since 2002, Leichtman Research Group, Inc. (LRG) has specialized in research and analysis of the broadband, media and entertainment industries in the U.S. LRG combines ongoing industry tracking and analysis with years of consumer research to provide companies with a richer understanding of...

www.leichtmanresearch.com

 

[Bruce]

This story is based on the Moffett numbers, has a bigger gain for YTTV, but bigger loss in the estimated numbers for DirecTV, Cox and Mediacom.

Total quarterly losses are about the same at 2.3 million vs 2.2 in the link above.

No matter which story is correct, the numbers are still terrible for Paid Live TV.

Cable TV has fewest subscribers since 1992, YouTube TV is the only riser

YouTube TV is up 5 percent, and that's before NFL Sunday Ticket kicks in.

arstechnica.com

 

[Don in CT]

What are the broadband numbers. Are the direct fiber companies making a dent in the cable internet providers.

 

[Bruce]

What are the broadband numbers. Are the direct fiber companies making a dent in the cable internet providers.

Finally found the Broadband numbers, Fixed wireless are showing major gains, T-Mobile over 500,000, but they need a much larger footprint, which costs money to expand.

Wonder if they ever thought about a Fixed Wireless Antenna ( like a TV Antenna), then run ( or use pre-existing) coaxial to a modem ( like broadband), then that could, maybe, increase the range.

I have no idea if that would work, I have a business degree, leave the tech stuff to my kid( not a kid, 33 years old)

About 960,000 Added Broadband in 1Q 2023 - Leichtman Research Group

Durham, NH — May 15, 2023 — Leichtman Research Group, Inc. (LRG) found that the largest cable and wireline phone providers and fixed wireless services in the U.S. – representing about 96% of the market – acquired about 960,000 net additional broadband Internet subscribers in 1Q 2023, compared to...

www.leichtmanresearch.com