U.S. Markets close in 5 hrs 11 mins

Q4'18 multichannel video losses propel full-year drop to nearly 4 million

Kagan's fourth-quarter 2018 U.S. multichannel subscription report puts legacy video subscribers below 90 million

MONTEREY, Calif., March 11, 2019 /PRNewswire/ -- Traditional multichannel video losses swelled in the fourth quarter to push the full-year decline to a new benchmark in changing viewer preferences.

Combined, the cable, direct broadcast satellite (DBS) and telecom multichannel sectors lost nearly 1.1 million subscriptions in the fourth quarter, which pushed the full-year decline to 4 million. DBS services accounted for more than half of the annual loss.

Virtual platforms partially offset the traditional multichannel declines, keeping those customers in a subscription package of live linear channels, but gains to services such as Hulu with Live TV and YouTube TV were not enough to prevent the space from shrinking. Traditional and virtual multichannel subscriptions combined fell nearly 1.3 million for the year.

Additional takeaways from Kagan's 4th-quarter U.S. Multichannel Subscriber report:  

  • The residential penetration rate for virtual and traditional multichannel services ticked down to 75% in the fourth quarter of 2018.
  • Multiple-system operators (MSOs) wrapped up 2018 with another round of quarterly losses, bringing the platform's annual decline to nearly 1.3 million, versus a drop of 997,000 in 2017.
  • Telco video services cut combined annual subscriber losses for a second consecutive year, losing 351,000 subs to end 2018 at 10.3 million.
  • DIRECTV and DISH each lost more than 1 million subs in 2018.

About S&P Global Market Intelligence

At S&P Global Market Intelligence, we know that not all information is important—some of it is vital. Accurate, deep and insightful. We integrate financial and industry data, research and news into tools that help track performance, generate alpha, identify investment ideas, understand competitive and industry dynamics, perform valuations and assess credit risk. Investment professionals, government agencies, corporations and universities globally can gain the intelligence essential to making business and financial decisions with conviction.

S&P Global Market Intelligence a division of S&P Global (SPGI), provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com/marketintelligence.

Cision

View original content:http://www.prnewswire.com/news-releases/q418-multichannel-video-losses-propel-full-year-drop-to-nearly-4-million-300810067.html