Younger consumers prefer to pay for high-speed Internet and not so much for bundled TV channels, Verizon CFO Fran Shammo told analysts. Speaking July 22 during the telecom’s fiscal call, the executive appeared to underscore the obvious about a college-age or 30-something consumer transfixed by over-the-top video.
Comcast July 22 reported it lost 144,000 video subscribers in the second quarter (ended June 30). The loss was less than the 162,000 subs lost during the prior-year period, and left the No. 1 cable operator with 22.4 million video subs. That slowed rate of decline was reason enough for apparent jubilation at Comcast, which touted the sub decline as the “best result for a second quarter in six years.”
Netflix is upping attention on originals to strengthen the brand, exert greater distribution control on content and lure subscribers, company officials reiterated July 21 in the service’s second-quarter earnings interview webcast.