Cord-cutting

Pay TV penetration is now down to levels not seen since 1993 according to MoffettNathanson

vMVPD providers gained customers while the largest cable operators lost nearly 1 million subs according to the Leichtman Research Group

Findings from the latest Leichtman Research Group also show that one third of respondents, many of them younger, have never had a pay TV subscription

In Q2 2022, Dish lost 202K satellite subs and Sling TV dropped 55K subs

Total customers relationships were up by 166K but Peacock premium streaming subs stalled at 13M and loses hit $467M

Homes with a live pay TV service is down from 82% of TV homes in 2016, according Leichtman Research

A new S&P Kagan report puts a hefty price tag on the cost of cord cutting with new forecasts for cable, satellite and telco multichannel revenue showing a 45% drop from the 2016 peak

This is still $30 less expensive than the average pay TV bill according to new research from Parks Associates

The top five publicly traded pay-TV companies still lost nearly 1.6 million customers in the first three months of 2021

The trend of cord-cutting could have a negative impact on the TV sector’s credit quality