Last year was a bad year for cable TV owners. We are now getting an idea of just how bad. Comcast lost over 733,000 TV subscribers in 2019. AT&T lost 4 million TV subscribers from DIRECTV, U-Verse TV, and AT&T TV NOW in 2019.
There are still a few big companies to report their earnings and subscriber numbers. Maybe the largest is DISH.
In 2018, Comcast lost 1.6% of its TV customers. In 2019, Comcast lost 3.2% of its TV customers. At this rate, we could be looking at Comcast losing 5% or more of its subscribers in 2020.
During Comcast’s 4th quarter earnings call they warned investors that cord cutting will speed up in 2020 and to expect video subscriber losses to accelerate throughout the year.
The question now is will Peacock slow down the bleeding Comcast is experiencing as subscribers jump ship for cheaper ways to watch TV. Also, what happens when Comcast faces real competition with home Internet and subscribers start to leave Comcast Internet for cheaper options…
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