Posted on 07/31/2020 6:55:11 AM PDT by Enlightened1
Comcast continues to hemorrhage TV customers
The cable TV industry isn't performing very well amidst the Covid-19 pandemic. AT&T lost an astounding 900,000 cable subscribers in the first quarter of 2020, and now, Comcast has reported significant losses of its own for Q2. In an earnings report published today, Comcast claimed that it lost 477,000 pay-TV subscribers over the past three months. That number isn't nearly as significant as AT&T's losses, but it's still not an easy blow for Comcast to ignore, especially since the company's quarterly cable TV losses only seem to be growing.
In Q1 2020, roughly 409,000 subscribers pulled the plug on their Comcast-provided cable subscriptions -- this last quarter, the corporate giant managed to lose substantially more.
If these losses continue to grow at this rate, Comcast may be on track to lose twice as many cable subscribers this year as it did last year. For reference, the company took a hit of around 733,000 cable subscribers in 2019, and it has already dropped significantly more than that (around 886,000 customers) in 2020.
There are plenty of reasons for these mass subscriber losses, but Covid-19 is likely chief among them. Thousands of Americans have lost their jobs due to coronavirus complications (including business shutdowns). Even many who haven't are now working from home, giving them more free time to explore alternatives to cable TV, such as Netflix, Hulu, Disney+, and others.
Comcast may be suffering in the cable arena, but its internet business is performing quite well. It managed to snag around 323,000 additional broadband customers in Q2 2020: the "best second quarter high-speed internet net adds in 13 years," according to the company.
It remains to be seen whether Comcast's cable TV business will bounce back as the world begins to recover from Covid-19
(Excerpt) Read more at techspot.com ...
I’m getting ready to go back to streaming, I was on Playstation Vue but they folded.
What’s everyone using for services?
Interesting. Thanks for posting.
I’ve been sent home from jobs when business was slow.
Was my income reduced? Yes
Did anyone besides me care? No
The ISP bills in this country would shock a European.
Saving $100 a month after cutting the cord. 3 months ago a tree came down and took out the Comcast cable leading to the house from the pole. Thank you tree.
Free Republic 🇺🇸🇺🇸
Or...and just throwing out WILD speculation, but .. let’s see... first POLITICIZE every sporting event, then CANCEL every major live sport, then create “alternative” Hallmark channels for the LGBTQ+ crowd, take the number ONE reality TV shows off the air like LIVE PD, COPS, etc, neuter and make SJW warrior “compliant” event children’s shows and promote SJW swill and ram it down our throats on EVERY channel and EVERY commercial...
No, COVID-19 (Sars-CoV-2) did NOT do that. YOU did that to yourself. Enjoy explaining that to your Board at the end of the year
Firestick and YoutubeTV. No complaints.
I went to my local Comcast office to complain about the latest cable fee increase and to try and get a better deal.
Big surprise - Comcast doesn’t care if you complain. I threatened to cut my cable. The person I talked to at the Comcast office said there were no better deals.
It was a waste of time.
But even that I do less and less. I'm more inclined these days to just stream some music and get into a good book.
I do not miss cable TV whatsoever, especially the cable news networks. It was literally like bringing a poison into my house. Now I am free of it and much healthier, physically and mentally.
I’ve tried a number of different ones.
Hulu now.
More choices all the time...
Unfortunately, Commiecast is our only option in the town in which I live.
Satellite is not really an option, due to neighbors’ foliage.
Any alternatives?
What’s everyone using for services?
_____________________________________
Roku.
Or Amazon Fire Stick.
I’m getting ready to go back to streaming, I was on Playstation Vue but they folded.
What’s everyone using for services?
It’s tough now. YoutubeTV just jacked up there rates big time. I am looking at switch to Fubo.tv but that will run over $60 including tax. Sling is a real hassle with their split bundles, bad tech, etc.
Unfortunately, the best deal now is probably basic cable bundled with internet service.
We cut the cable a couple of years ago and went with Roku. Glad we did.
I laugh at the demise of Cable. They cut their own throats.
For years (decades) consumers demanded cafeteria options. Big Cable ignored us.
Now technology has passed them by and they can go sucks eggs.
don’t bother with any services
there is so much free content online it’s incredible.
Lately I’ve been binge-watching Sailrite sewing videos on YouTube and I’ve taken up a hobby sewing handbags for my daughters and fixing my marine vinyl on my boats.
I’ve learned how to pour concrete, build an addition on my house, fix the lights on my car and many other things from videos online.
And a lot of older movies can be found free (out of copyright??) plus documentaries.
Surprising. If you call Dish or Direct TV and tell them you are going to discontinue their services, they will suddenly discover that, yes, they can reduce your bill. I cut it anyway.
Give us ala carte and your customers will come back, but $200 a month for stuff I dont watch? Bite me.
Get a Roku
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