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Comcast Just Lost Another 419,000 Pay TV Subscribers, But Cord-Cutting Appears to Have Finally Decelerated a Bit in Q2
Comcast reported on Tuesday the loss of another 419,000 linear video customers in the second quarter, 11.9% of its based from the year prior, but that was its best pay TV customer quarter since the end of 2022. In the second quarter of 2023, Comcast lost 543,000 pay TV subscribers. The cable company hasn't seen its year-over-year rate of video attrition fall below 12% since the fourth quarter of 2022. Comcast, which had more than 22.5 million linear video subscribers at the end of June 2014, ended June 30 of this year with 13.199 million remaining pay TV souls. It had 14.985 million linear video customers as of the end of the second quarter of last year. Comcast's revenue from video services declined 7.8% year over year to $6.781 billion in the second quarter. Q2 earnings season for the U.S. pay TV business is still in the early stages, but already we're seeing (slight) cord-cutting deceleration at other operators. On Monday, Verizon reported the loss of 65,000 Fios-branded pay TV subscriptions, down from 69,000 from April - June of last year.
Paris Olympics Coverage Kicks Off With Soccer, Rugby Matches
The Paris Summer Olympics opening ceremony takes place this Friday, but action kicks off Wednesday (July 24) with the opening stage of the soccer competition.NBCUniversal's live coverage of the games on NBC, Peacock and USA Network, along with its celebrity-heavy lineup of shoulder programming, should help keep viewers tuned in throughout the three-week Olympics run, sports TV observers said. USA Network and Peacock will feature the opening soccer match between Argentina and Morocco at 9 a.m. ET, with the U.S. men’s soccer team taking the Olympic pitch for the first time since 2008 when they face host country France at 3...
Comcast’s Mike Cavanagh Expects NBA Deal To Score With Advertising, Subscription Revenue
Comcast president Mike Cavanagh told investors how the company plans to take advantage of its soon-to-be-completed $2.5 billion-a-year deal with the NBA.Speaking on Comcast’s second-quarter earnings call Tuesday, Cavanagh, who also runs Comcast’s NBCUniversal unit, said he didn’t think that Warner Bros. Discovery’s attempt to match Amazon’s streaming package will affect NBCU’s deal with the league. He said the company was excited to work with the NBA because pro basketball “brings in a broad, diverse and youthful audience that is culturally relevant and further expands NBCUniversal’s tremendous reach across broadband and streaming.”“We can do a lot with those demographics around other...
Future Today Picks iSpot to Measure Streaming Ad Campaigns
Streaming media company Future Today said it is working with iSpot.tv to measure and optimize the streaming advertising campaigns it sells.iSpot is one of the measurement companies challenge Nielsen, the leader in the TV measurement business. iSpot’s Streaming Measurement systems focuses on measuring the incremental reach of streaming beyond linear, helping advertisers fine tune the delivery of their campaigns.It will also enable Future Today to demonstrate audience reach with third-party data.iSpot also works with streamers ranging from Amazon and YouTube to Roku and Moonbug Entertainment, as well as The Trade Desk“With more content being consumed on streaming platforms, we knew we...
Netflix Hops Over Paramount and Warner Bros. Discovery in Nielsen’s June Rankings
Netflix increased it’s share of television usage by 11.4% to 8.4% in June from 7.6% in May, hopping over Paramount Global and Warner Bros. Discovery in Nielsen’s monthly list of top video distributors.The Walt Disney Co. retained the top spot in the industry with a 10.8% share, down slightly from 11.4% in May. Nielsen said usage of Disney Plus was up 15%.YouTube was No. 2 with a 9.9% share, up from 9.7% in May. NBCUniversal held onto third pace with an 8.5% share, down from 9% in May. Nielsen said NBCU is expected to bounce back in July and August as it covers the Paris Olympics.Nielsen said that with sports and original drama content lacking on broadcast networks, cable networks owned by A+E Networks, Hallmark Media and AMC Networks gained share.Overall, eight of the 14 companies Nielsen ranks showed increases in June.
Comcast Earnings Dip Despite Trimming Losses at Peacock
Comcast reported lower second-quarter earnings despite paring losses at its Peacock streaming unit.Philadelphia-based Comcast continued to lose pay TV subscribers, with a net loss of 419,000 video customers. Its Xfinity cable operations lost 120,000 domestic broadband subscribers.Peacock ended the quarter with 33 million paid subscribers, down from 34 million at the end of Q1. But losses at Peacock were $348 million, down from $651 million a year ago and $639 million in the first quarter. Thanks to rate increases, Peacock revenue hit $1 billion in the quarter, up from $820 million a year ago.Also Read: Comcast’s Mike Cavanagh Expects NBA...
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