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Comcast Loses 125,000 Video Customers in Q3

26 Oct, 2017 By: Erik Gruenwedel

The bloodletting among pay-TV operators continues. Comcast Oct. 26 reported a loss of 125,000 video subscribers in the third quarter, ended Sept. 30. Underscoring increasing demand for broadband (i.e. streaming video), Comcast added 214,000 Internet subscribers.

The video sub loss was less than the 150,000 subs Comcast warned about in September. Comcast has lost 115,000 video subs through Sept. 30. It added 160,000 video subscribers in 2016. It ended the period with 21.3 million video subs.

When combined with AT&T, the two companies lost more than 500,000 video subs in the most-recent fiscal quarter.

Comcast — which heretofore eschewed OTT in favor of enhancing the pay-TV business model — is currently testing an OTT video service called “Instant TV” in Boston and Chicago. The $20 service — accessed via the Xfinity app and featuring a skinny bundle of broadcast content, VOD and 20-hour DVR — plans to go nationwide later this year.

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