Latest in Pay-TV

ESPN, a longtime cornerstone of the Walt Disney Co., continues to lose lucrative pay-TV distribution, shrinking another 10% to end fiscal 2021 at 76 million U.S. households. Citing Nielsen, Disney provided the number as part of its annual report, filed with the SEC this afternoon. The company operates on a fiscal…

Streaming pay-TV provider FuboTV reported second-quarter results far better than Wall Street analysts expected, showing a gain of 91,000 subscribers compared with the year-ago quarter. Given the widespread lockdowns and closing of movie theaters and other out-of-home options in the 2020 quarter, when Covid-19 lifted…

AT&T has completed the spinoff of DirecTV into a new entity part-owned by private equity firm TPG, capping a costly six-year adventure in the satellite TV business. The new entity, whose financials will no longer be included on the AT&T balance sheet, unveiled new branding and a new home for its internet-delivered TV…

Charter exceeded Wall Street estimates in the second quarter, reporting earnings of $5.29 a share and revenue of $12.8 billion. Analysts’ consensus expectation was for earnings of $4.79 and revenue of $12.6 billion. Broadband gains were more modest than the boom times of 2020, when high-speed connections became…

Fubo TV, a provider of internet-delivered pay-TV bundles, is on the hunt for a new chief financial officer. In an SEC filing this evening, the company said it had entered into an agreement with Simone Nardi for him to transition to an advisory role. “After successfully taking the company public on the New York Stock…

EXCLUSIVE: Streaming bundle provider Philo TV is raising its monthly price to $25 from the $20 level where it has remained since launching commercially nearly four years ago. The 25% increase takes effect on June 8 for all new customers, but current subscribers will be grandfathered in at $20 as long as they stay in…

Fubo TV stock popped more than 23% in after-hours trading after the streaming bundle purveyor reported better-than-expected revenue and subscriber gains in the first quarter. Net losses of 59 cents a share in the period undershot Wall Street forecasts by 13 cents. The company said the figure included two cents of…

FuboTV ended 2020 on an upswing, reporting $105.1 million in revenue and 547,880 subscribers to its internet-delivered pay-TV bundle. The company reported a net loss of $167.8 million in the period. That figure as well as the revenue number — Fubo’s first quarter above $100 million — beat Wall Street analysts…

Charter Communications CEO Tom Rutledge sees the pay-TV bundle continuing to shrink because it has been “priced out of the market” during the streaming era. But video will remain a key part of the company’s strategy. “Live TV will continue to be sold in a linear package for a significant period of time,” he said…

Charter Communications beat Wall Street’s estimates for earnings in the fourth quarter, but the company reported a slowdown in acquiring internet and video customers. Net income of $6.05 per share nearly doubled the $3.28 of a year ago and far surpassed analysts’ consensus expectation for $4.83. Revenue essentially…

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…