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Thu Oct 12, 2017, 12:27 PM

Cord-Cutters Sap AT&Ts TV Business

By Drew FitzGerald
Oct. 12, 2017 7:50 a.m. ET

AT&T Inc. T -3.88% kept losing video customers over the past three months despite a wave of new subscribers using its streaming TV service, a trend that could spell trouble for the broader entertainment industry.

The telecom company said in a securities filing late Wednesday that its video subscriber base declined by about 90,000 customers in the third quarter. The decline, its third quarterly drop in a row, came despite nearly 300,000 new accounts on its DirecTV Now service, which streams channels over the internet.

The report means AT&T lost an even bigger number of satellite-TV and U-verse video customers, a sign “cord-cutters” threaten a broad array of companies that have until recently counted on traditional TV bundles for growing profits. AT&T had 25.2 million video subscribers at the end of the second quarter.

Cable giant Comcast Corp. last month said it also expects to lose subscribers in the third quarter, partly because of customers swapping cable subscriptions for more affordable online substitutes.

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https://www.wsj.com/articles/cord-cutters-sap-at-ts-tv-business-1507809030

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Reply Cord-Cutters Sap AT&Ts TV Business (Original post)
RCW2014 Oct 12 OP
Currentsitguy Oct 12 #1
orson Oct 12 #2

Response to RCW2014 (Original post)

Thu Oct 12, 2017, 01:24 PM

1. We gave Comcast the boot

In favor of DirecTV Now. We are AT&T cell customers, so they offered it to us for $10 a month. Why should I hand Comcast almost $200 monthly for essentially the same exact channels? All it took was a Roku and a Fire Stick for backup on both of our TV's.

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Response to RCW2014 (Original post)

Thu Oct 12, 2017, 02:46 PM

2. No problemo

They plan to double the price of their internet serice to make up the slack

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