Today, Dish Network announced that it is shedding 334,000 subscribers in the fourth quarter, with a significant portion of the departures attributed to the ongoing conflict with HBO that caused HBO programming to respond to Dish subscribers.
If it wasn't Not enough, Dish Carlson and CEO Erik Carlson said that there have been no main advances in conversations with HBO over blackout – the first in Dish's nearly 50-year history, which probably spooked many subscribers to go further and cancel especially with the April season 8 premiere of Game of Thrones comes closer.
It must surely be to run a subscriber-based business and have to tell investors at a time when everyone is aware that cheaper and more convenient options eat in your business, that you lost more than a quarter of a million customers during one quarter. But it is actually so bad for traditional cable TV providers ̵
Media Analyst Rich Greenfield shared this map on Twitter today and shows just how bad things are for the industry. It shows that the best vendors collectively lost more than 1 million subscribers during the fourth quarter alone:
People over at Cord Cutters News trying to put this into the context and explaining in a new post it looked Bad as these numbers are, there is an even better picture when you compare where things stood during the period ago. "It's even daunting that in the same period in 2017, pay-TV services got 135,000 subscribers thanks to large ads by AT&T and Dish mainly thanks to their live TV streaming services," the site reports. "At this rate of growth, average cutting can add over 5 million new line cutters only from canceled cable TV subscriptions.
" This doesn't count Americans growing up and moving out of their parents' home but never pay for cable TV services. The news may even be worse for small cable TV companies. Recently, it was announced that the cable television company RTC will terminate television services on July 1, 2019. Reports are that they are just one of many small cable TV companies looking at this option. "
With one step back there are also new data available for 2018 as a whole showing a continued acceleration in the thread.
According to a new report Variety saw the five largest US cable TV providers Total subscriber total fell by 4.2% last year, thanks to a total loss of 3.2 million customers in 2018. The 4.2% decline exceeded the 3.7% decline of the same companies the year before. 19659002] "Comcast, AT & T / DirecTV, Charter, Dish and Verizon all lasting net pay-TV losses last year, as more consumers dropped expensive bundles in favor of internet streaming video services like Netflix and free, over-the-air broadcast TV, " Variety reports." But the fears fell disproportionately on DirecTV and Dish, which fell 1.24 million and 1.13 million satellite subs, respectively, 2018, respectively. "