Latest in Pay-TV

Shares in FuboTV, which boomed at the start of the week, have dropped more than 16% today, their second straight day of sharp declines at the end of a roller-coaster week. At $44.10 midway through the trading day, the stock is near the level where it began trading on Monday. It dropped 15% on Wednesday after reaching…

Dish Network’s Sling TV gained 203,000 subscribers in the third quarter, offsetting a decline in the company’s traditional satellite TV business. Revenue and earnings topped Wall Street expectations, reaching $4.53 billion and 86 cents a share, respectively. The company closed its acquisition of Boost Mobile in the…

Philo, which launched in the U.S. in 2017, has reached 750,000 subscribers to its non sports streaming bundle, up 300% in the past year. On Wednesday, the company got a shout-out from Discovery’s David Zaslav. During an earnings call with Wall Street analysts, the CEO said Philo has been a valuable driver for the…

Comcast topped Wall Street analysts’ forecasts for the COVID-19-hit second quarter, with total revenue slipping 12% from a year ago to $23.7 billion and adjusted earnings per share reaching 69 cents. While the earnings figure declined from 78 cents in the year-ago quarter, it was far higher than the consensus…

A week before the long-awaited launch of WarnerMedia’s HBO Max, the company has locked distribution deals with seven partners, ranging from small cable operators to major gaming and smart-TV platforms. Altice USA, Cox Communications, Microsoft Xbox, Samsung, Sony PlayStation, Verizon and the National Cable Television…

The largest pay-TV providers in the U.S. lost nearly 2.1 million video subscribers in the first quarter, which is more than double the pro forma net loss of a bit more than 1 million in the same period a year ago. Leichtman Research Group, which reported the number, said it was the highest level of cord-cutting on…

MoffettNathanson Research said a sharp decline in pay TV subscribers last quarter "raises the possibility of a rapid death spiral for the entire category" in a searing report released Friday that describes COVID-19 accelerating trends toward SVOD and AVOD. "It has been often observed these past few months that crises…

Dish Network chairman Charlie Ergen, a vocal critic of the programmers he routinely jousts with in contract talks, amped up his critique of the traditional TV business during a conference call with analysts Thursday. “The product itself, from a consumer point of view, isn’t good enough,” Ergen declared. While viewing…

Charter Communications reported a 68% rise in diluted earnings per share in the first quarter as its total revenue climbed 5% to $11.7 billion, meeting Wall Street analysts’ expectations. Earnings reached $1.86 per share, compared with $1.11 in the same quarter a year ago. Adjusted EBITDA rose 8% to $4.5…

The attorney general of New York State is adding her voice to a growing chorus of critics demanding rebates from pay-TV operators of hefty sports programming fees during the COVID-19 time-out for sports. It is “grossly unfair that cable and satellite television providers would continue to charge fees for services they…

The damage done to Hollywood by COVID-19 is just beginning, and will hasten the decline of theatrical moviegoing, TV advertising, pay-TV and other longtime features of the landscape, according to a sweeping new report by Wall Street analyst Michael Nathanson. The analyst at MoffettNathanson reflected in the 25-page…

UPDATED, March 23: NBCUniversal is widening the distribution of its national news programming during the coronavirus crisis, making MSNBC and CNBC available, in partnership with its distribution partners, to all their video customers, regardless of the packages to which they subscribe. Subscribers can view this…