Saturday, August 19, 2023

Live streaming exodus

It seems more people are dropping live streaming services. In fact, a couple of news reports this week were on the topic of how all the live streaming services, except for YouTube TV, are losing customers.

Oh, and not just live streaming services. All of the major pay TV services -- cable, satellite, and streaming -- lost subscribers, except for YouTube TV.

According to a report by Leichtman Research Group, around 1,730,000 subscribers left the various services in the second quarter of the year. That's up from 1,725,000 in the same quarter the year before.

The report showed that streaming overall is losing subscribers, as the other major live streaming services lost over half again as many as YouTube TV gained:

Internet-Delivered (vMVPD) Subscribers at end of 2Q 2023 Net Adds in 2Q 2023
YouTube TV 5,900,000 200,000
Hulu + Live TV 4,300,000 (100,000)
Sling TV 2,003,000 (97,000)
Fubo 1,167,000 (118,000)
Total 13,370,000 (115,000)

I noticed that Vidgo, Frndly TV, and Philo, were not included. I don't know why they were excluded. Vidgo only carries two of the four big broadcast networks, while Frndly TV and Philo don't carry any of the four, so that may be the reason.

Bottom line is that many are dropping the services. Some are moving to YouTube TV, but overall, there are fewer subscribers.

I cut the cord before any of those services existed. I didn't cut the cord to watch cable another way. I cut the cord to get away from cable and watch what I wanted when I wanted. Well, not really. All that was true, but I really cut the cord to save money. The rest of it is a bonus.

I haven't dropped those services. I can't drop what I don't have. I will subscribe a total of four 30-day periods during college football season, but the other 2/3 of the year, I don't use, nor want those services. My Streaming Life is just fine without them. And apparently more people are discovering that as well.

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