Comcast To Launch Video Streaming Service Called Stream
Justin Sullivan / Getty Images

More People Are Cutting the Cord and Dumping Pay TV

Jul 28, 2017

Five of the largest U.S. pay-TV providers posted subscriber losses during the second quarter as younger viewers increasingly cut the cord and moved to "skinny bundles," or cheaper packages with select channels, and Internet streaming services like Netflix or Hulu.

Comcast, the biggest cable company, shed 34,000 video subscribers during the quarter, compared with 4,000 customers lost in the prior-year quarter. AT&T lost 351,000 satellite and U-verse customers in the quarter, and though it added 152,000 subscribers to its DirecTV Now streaming service, it was not enough to offset total losses.

The following lists the cable companies and the number of pay-TV subscribers lost during the second quarter. The five pay-TV providers lost a total of 527,000 customers. Satellite television provider Dish Network is expected to report its numbers next Thursday.

CompaniesChange in Cable Subscribers
Altice USA-37,000

* Figure does not include DirecTV Now, AT&T Inc's streaming service

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions