During the second quarter, DirecTV’s traditional satellite service lost 778,000 subscribers and its streaming service DirecTV Now lost 168,000 accounts.
To woo subscribers away from Netflix, Disney, AT&T, and Apple are spending big bucks to produce original series content.
Online-only television packages are getting pricier to the point that they’re approaching the same fees paid for traditional cable.
Lionsgate lobbied to become the belle of the buyout ball last year in Hollywood, but Prince Charming never arrived.
There is even more bad news for pay television providers. Unlike 2017, subscribers signing up for cheaper online television bundles are starting to contract.
Beyond maintaining AT&T’s core telecom business, the company is beset with declining DirecTV subscribers and a host of problems at Time Warner and Warner Bros.
AT&T finally won its two-year anti-trust litigation against the United States Justice Department to acquire Time Warner.
The DirecTV deal was AT&T’s first big gamble on the filmed entertainment distribution market. DirecTV has been shedding subscribers since the beginning of 2017.
WarnerMedia’s decision may seem at odds with the company’s overall strategy to bring owned content ‘in-house’ to make it exclusive on its new streaming site.
Cable companies are buying distributors and content creators in a final attempt to cripple streaming services.