International Trade Today is a Warren News publication.

DirecTV, Comcast Led Q2 Pay-TV Subscriber Losses: LRG

Amid shelter-in-place mandates, the largest U.S. pay-TV providers lost about 1.2 million net video subscribers, with Q2 the sixth consecutive quarter of one million-plus net losses. That compares with a net loss of about 2.1 million in Q1 and 1.3…

Sign up for a free preview to unlock the rest of this article

If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.

million in the year-ago quarter, said a Wednesday Leichtman Research Group report. Comcast lost 478,000 video subscribers and Cox 50,000; Charter bucked the trend with 94,000 net adds. DirecTV shed 846,000 subs and Dish 40,000. Cable lost half a million video subscribers vs. 455,000 in Q2 2019; top telco providers lost 157,000 vs. 95,000 in Q2 2019, led by Verizon Fios with 80,000 cancellations. Among vMVPD services, Hulu+ Live TV added 100,000 net subscribers while Sling TV and AT&T Now dropped 56,000 and 68,000 subs, it said. Though the pay-TV industry continues to lose subscribers “rapidly,” the wide disparity among top providers in Q2 shows "the significance of individual corporate strategies,” said Bruce Leichtman.